Company X has a WACC of 9%, perpetual cash flows of $16 million, and operates in a completely tax-free environment. X has a value of $100 million, based on $60 million of riskless debt and $40 million of equity, and has an equity beta of 2.0. The risk-free rate is 5% and the expected return on the market portfolio is 10%. If the company issues $20 million more in debt and uses the proceeds to buy back common stock, the overall value of X will be: