Dash Industries wishes to take advantage of the low interest rate environment and increase their debt/equity ratio from 21% to 53% by issuing corporate debt and buying back shares. The firm currently has $7.2 million worth of debt outstanding. The cost of this debt is 1.1%. Dash pays no taxes.

What is the value of Dash Industries after the firm changes its capital structure? Express your answer in dollars and round to the nearest whole number.