A company just issued $$280000$ of perpetual $8\%$ debt and used the proceeds to repurchase stock. The company expects to generate $115000$ of EBIT in perpetuity. The company distributes all its earnings as dividends at the end of each year. The firm$$s unlevered cost of capital is $15\%$ and the tax rate is $35\%.$ What is the value of the company as an unlevered firm?