An all-equity company that has a current value of $14.000.000 is considering borrowing 58.000.000 and using the borrowed funds to repurchase share. The company can borrow at 5%. Assume all available earnings are immediately distributed to common shareholders and all the M&M assumptions are satisfied except the company's corporate tax rate is 25% of the company proceeds with the capital restructuring, what will be the value of the company according to M&M Proposition with taxes Do not found intermediate calculations Round the final answer to 2 decimal places, Omit any comma and the Sign in your response for example an answer of $1000,50 should be entered as 1000.50