Toronto Skaters Company (TSC)has a Before-Tax Cost of Debt of 8

Toronto Skaters Company (TSC) has a before-tax cost of debt of 8 percent,a debt/equity ratio of 3,and pays tax at the rate of 40 percent.The unlevered cost of equity for a firm with TSC's risk characteristics is 15 percent.Debt is $30,000.If TSC expects a perpetual EBIT of $20,000,then the value of the firm is:

A) $38,261
B) $80,000
C) $133,333
D) $190,476