44. Alonzo & S million shares outstanding. What will the company's value be if it sells $2 milli and has a tax rate of 34 percent? The debt proceed ons has no debt. Its current total market value is $58 million, with 5.5 on in debt s will be used to repurchase equity. A. $58,000,000 B. $60,370,000 C. $62,330,000 D. $64,560,000 E. $65,140,000 45. The Piano Movers can borrow at 7.5 percent. The firm currently has no debt, and the cost of equity is 16 percent. The current value of the firm is $540,000. What will be the value of the firm's equity, if it borrows $160,000 and uses the proceeds to repurchase shares? The corporate tax rate is 40 percent A. $444,000 B. $476,000 C. $540,000 D. $604,000 E. $700,000