6-Sigma Company has 35 million shares outstanding with a market price of $20 per share and no debt. 6-Sigma has had consistently stable earnings, and pays a 35% tax rate. Management plans to borrow $200 million on a permanent basis through a leveraged recapitalization in which they would use the borrowed funds to repurchase outstanding shares. After the recapitalization, the total value of 6-Sigma as a levered firm is closest to: $470 million $630 million $770 million $830 million