Answer Happy

Hunter Corporation expects an EBIT of $47,000 every year
forever. The company currently has no debt and its cost of equity
is 12 percent. The corporate tax rate is 23 percent.
a. What is the current value of the company? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)
b-1. Suppose the company can borrow at 9 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., 32.16.)
b-2. Suppose the company can borrow at 9 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., 32.16.)
c-1. What will the value of the company be if takes on debt
equal to 50 percent of its levered value? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.)
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
places, e.g., 32.16.)