An all equity firm with a value of $2 million decides to issue $1 million of permanent debt paying 10% interest and use the proceeds to buy back equity. If there are no costs to financial distress and the firm's tax rate is 30%, what will be the value of the firm with the new capital structure? $1.30 million $2.00 million $2.03 million $2.10 million $2.38 million