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A company is comparing two different capital structures: an unlevered plan and a levered plan. Under the unlevered plan, the company would have 2,100 shares

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A company is comparing two different capital structures: an unlevered plan and a levered plan. Under the unlevered plan, the company would have 2,100 shares of stock outstanding. Under the lovered plan, there would be 1,300 shares of stock outstanding and $23,000 in debt outstanding. The interest rate on the debt is 8 percent. There are no taxes. What is the value of the company under the unlevered plan? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point

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