ABC Corp. is a clothing retailer with a current share price of $$10\mathrm{.}00$ and with $25$ million shares outstanding and no debt. ABC announces plans to change its capital structure by borrowing $$100$million$,$ and using the proceeds to repurchase shares. ABC has a corporate tax rate of$35\%.$ Calculate the value of the Equity of ABC after the restructure. If the value of Equity after the restructure is actually $$170$million instead of the value you calculated, what is the present value of financial distress costs for ABC?

$($a$)80$ million

$($b$)15$ million

$($c$)30$ million

$($d$)70$ million