A firm has no debt and a tax rate of 30%. Assume the firm takes on $240 in debt (and maintains that level indefinitely) at a rate of 5.3%. According to MM with corporate taxes (but excluding the possibility of bankruptcy), the total dollar amount of value added to the firm would be $_______.

Do NOT round intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.3456, enter 12.35).

Margin of error for correct responses: +/- .05.