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Consider the book-value balance sheet for Musco Inc. for 2022. Book Value Balance Sheet Current Assets Fixed Assets 52,907 260,476 313,383 Total Assets Accounts

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Consider the book-value balance sheet for Musco Inc. for 2022. Book Value Balance Sheet Current Assets Fixed Assets 52,907 260,476 313,383 Total Assets Accounts Payable 59,632 Non-Debt Long-Term Liabilities 23,745 Long-Term Debt 60,415 Total Liabilities 143,792 Equity 169,591 Total Liabilities & Equity 313,383 The firm faces the statutory 21% flat tax rate. There is no debt in the current liabilities. The firm has 7,506 shares outstanding, which have a current market price of $45.32 per share. You wish to determine the market-value of the firm's capital assets. Assume that the market values of the current assets, accounts payable and long-term debt are equal to their book-value. Also, assume that the non-debt long-term liabilities have no market value. Remember to consider the value of the tax shield based on the assumptions of the 1963 Modigliani and Miller relationship. What is the market-value of the firm's capital assets? (Show your answer rounded to the nearest dollar, e.g. 459267)

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