$(10$ points$)$ Assuming Dong Hwa Inc.$\text{'}$s current unlevered value is $$1,000,000,$ and the marginal corporate tax rate is $40\%.$ Dong Hwa's present value of financial distress is as the following function Debt$/$Unlevered Value$){?}^{?}.$ What is Dong Hwa's levered value if it issues $$500,000$ of perpetual debt just to buy back stock for capital restructuring?

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