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f Gail's Dance Studio is currently an all equity firm that has 84074 shares outstanding with a market price of 40.14 a share. The

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f Gail's Dance Studio is currently an all equity firm that has 84074 shares outstanding with a market price of 40.14 a share. The current cost of equity is 12% and the tax rate is 30%. Gail is considering adding 1 million of debt with a coupon rate of 8% to her capital structure. The debt will be sold at par value (1 million). What is the levered value of the equity? Enter your answer in without commas, if you think the answer is 123,456, enter 123456

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