Bassett Fruit Farm expects its EBIT to be $393,000 a year forever.  Currently, the firm has no debt.  The cost of equity is 13.7 percent and the tax rate is 35 percent.  The company is in the process of issuing $2.3 million worth of bonds at par that carry an annual coupon of 6.1 percent.  What is the unlevered value of the firm?

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