Question: Question 25 (3 points) A company expects its earnings before interest and taxes to be $9,300 every year forever. The firm can borrow at 8

Question 25 (3 points) A company expects its earnings before interest and taxes to be $9,300 every year forever. The firm can borrow at 8 percent. The company currently has no debt and its cost of unlevered equity is 12 percent. The tax rate is 22 percent. What will the value of the firm be if the company borrows $23,500 and uses the proceeds to repurchase shares of stock? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point. Your

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