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Boutelle Homes has an all-equity value of $648,200, a cost of equity of 11.7 percent, and a tax rate of 35 percent. Assume the firm's

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Boutelle Homes has an all-equity value of $648,200, a cost of equity of 11.7 percent, and a tax rate of 35 percent. Assume the firm's capital structure changes to 30 percent debt followed by a lowering of the tax rate to 21 percent. What will be the change in the levered value of the firm due to the reduction in the tax rate? (Please, do not round intermediate calculations. Round the final answer only to 2 decimal places as shown in the instructions. Do not use the dollar symbol ($) in your final answer. Provide your final answer rounded to 2 decimal places as follows:-XXX.XX)

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