Altec Audio is currently an all equity firm that has $510,000$ shares of stock outstanding with a market price of $$53\mathrm{.}60$ a share. The current cost of equity is $10\mathrm{.}5$ percent and the tax rate is $25$ percent. The firm is considering adding $$5\mathrm{.}00$million of debt with a coupon rate of $6$ percent to its capital structure. The debt will be sold at par value. What is the levered value of the equity?

$$23,811,000$

$$23,736,000$

$$23,661,000$

$$23,586,000$

$$23,511,000$