Problem $18-17$ APV, FTE, and WACC Bruin Industries just issued $$390,000$ of perpetual $6\mathrm{.}9$ percent debt and used the proceeds to repurchase stock. The company expects to generate $$185,000$ of earnings before interest and taxes in perpetuity. The company distributes all its earnings as dividends at the end of each year. The firm$$s unlevered cost of capital is $11\mathrm{.}9$ percent$$and the corporate tax rate is $23$ percent. $$

a$.$ What is the value of the company as an unlevered firm? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$Use the adjusted present value method to calculate the value of the company with leverage. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$What is the required return on the firm$$s levered equity? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$.$Use the flow to equity method to calculate the value of the company$$s equity. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$