Problem $16-18$ Firm Value

Tempest Corporation expects an EBIT of $$33,000$ every year forever. The company currently has no debt and its cost of equity is $11$ percent. The tax rate is $23$ percent.

$0.$ What is the current value of the company? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,3216.)$

b$-1.$ Suppose the company can borrow at $7$ percent. What will the value of the company be if takes on debt equal to $50$ percent of its unlevered value? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-2.$ Suppose the company can borrow at $7$ percent. What will the value of the company be if takes on debt equal to $100$ percent of its unlevered value? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,3216.)$

c$-1.$ What will the value of the company be if takes on debt equal to $50$ percent of its tevered value? $($Do not round intermediate calculations and round your answer to $2$ decimal ploces, e$.$g$.,32\mathrm{.}16.)$

c$-2.$ What will the value of the company be if takes on debt equal to $100$ percent of its levered value? $($Do not round intermediate calculations and round your answer to $2$ decimal ploces, e$.$g$.,32\mathrm{.}16.)$