Cions Problem 16-06 (Miller Model with Corporate and Personal Taxes) Question 3 of 8 000 0000 eBook Miller Model with Corporate and Personal Taxes Check My Work (5 remaining) Cruz Corporation has $50 billion of debt outstanding. An otherwise identical firm has no debt and has a market value of $150 billion. Under the Miller model, Owhat is Cruz's value if the federal-plus-state corporate tax rate is 28%, the effective personal tax rate on stock is 17%, and the personal tax rate on debt is 29%? Enter your answer in billions. For example, an answer of $1.23 billion should be entered as 1.23, not 1,230,000,000. Do not round intermediate calculations. Round your answer to two decimal places. $ billion. Icon Key Check My Work (5 remaining)