23. As part of a leverage buyout transaction, Biggers Manufacturing worth $1.25B with no debt was taken private. The company borrowed $1.00B in perpetuity to finance the deal, using the proceeds to buy back stock as part of the going private transaction. If the company pays taxes at 20%, what is the value of the levered firm after the recapitalization, and what is the market value of the equity holders remaining position? Ignore risks of financial distress. (6 points)