BINGO, Inc. is exempt from corporate taxes; in other words, BINGO does not pay corporate taxes. The company currently has no debt and the market value of its assets is $453,000. However, to finance an increase in its activities the company will obtain $53,000 in debt. The company's debtholders will pay a 35% tax rate on the interest they receive, and the company's equityholders pay a 24% tax rate on the dividends they receive. Assuming that the MM 1963 model with personal taxes holds, what will be the market value of the company's assets after it obtains the debt? In other words, what will be the value of the levered firm?