7 Tatum can borrow at 72 percent. The company currently has no debt and the cost of equity is 11.6 percent. The current value of the firm is $675,000. The corporate tax rate is 21 percent. What will the value be if the company borrows $390,000 and uses the proceeds to repurchase shares? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Value of the firm Print