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Whitewater Inc. has a debt of 20,000,000 Euro and the value of levered equity is 14,500,000...

Whitewater Inc. has a debt of 20,000,000 Euro and the value of levered equity is 14,500,000 Euro. The company keeps a constant debt policy. Also the company has a constant and perpetual EBITDA. Knowing that the corporate tax rate is 36% and that the unlevered return on equity is 12.00%

what is the unlevered cash flow of the company at the end of each year?

A. 3,276,000
B. 3,882,931
C. 4,105,718
D. 4,200,501
The correct answer is A

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