An unlevered firm has a cost of capital of 10 percent and earnings before interest and taxes of $855,750. A levered firm with the same operations and assets has face value of debt of $720,000 with a coupon rate of 5.5 percent. The bond sells at par and the applicable tax rate is 21 percent. What is the value of the levered firm? (Do not round intermediate calculations. Round only the final dollar denominated answer to two decimal places. Your answer must be entered without the dollar symbol ($))