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A firm expects its EBIT to be $150760 every year forever. The firm can borrow at 8 percent per year. The company currently has no

A firm expects its EBIT to be $150760 every year forever. The firm can borrow at 8 percent per year. The company currently has no debt, and its cost of equity is 15 percent per year. Suppose the tax rate is 0%, and there are no costs to bankruptcy. Calculate the value of the firm if they choose to increase their debt to equity ratio to 1.

[Express your answer rounded to the nearest dollar (i.e. $123456). Do NOT use commas in your response.]

Firm Value = $

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