23. Bambong Corporation has annual Net Operating Income (before interest and taxes) of $7 million per year. It has $30 million in debt on which it pays 10% interest annually. Its present value of bankruptcy costs is $1 million. The average return on equity for similar firms is 15%. It pays a corporate tax rate of 35%. What is the value of this levered firm? Assume Agency Costs are zero. Round your answer to the nearest dollar. A. $3,333,333 B. 10,333,333 I C. 16,333,333 D. 7,000,000 E. None of the above