AirPlains Corp. is an unlevered firm with a market value of $$45$ million. The firm has a tax rate of $35\%.$ The firm plans to replace $$12$ million of its equity with $$12$ million of permanent debt. If it does, however, the present value of financial distress costs have been estimiated to be $$3$ million. What is the value of the levered firm if it goes ahead with this plan?