ABF Corp. has an all-equity value of $675,000, a cost of equity of 11.7 percent, and a tax rate of 35 percent. Assume the firm's capital structure changes to 30 percent debt followed by a lowering of the tax rate to 21 percent. What will be the change in the levered value of the firm due to the reduction in the tax rate?

		$27,224
		$19,845
		$28,350
		$7,740
		$66,150