ABC S.A. has debt in its financing structure. This company expects net operating income (NFOI) of $2,000 million in one more year and every year-end thereafter in perpetuity. Its equity valuation is $10,000 million. On other hand, you estimate that this company is borrowing at an interest rate of 8% per annum and thus can currently generate a present value of tax subsidy, resulting from tax savings from interest expense of debt incurred, valued at $675 million. Tax rate is 27%. Risk-free rate is 3% per annum, while expected return for market portfolio is 10% per year. With this background and based on propositions of Modigliani and Miller (1963) and CAPM, what is value of DEBT of ABC S.A.?