Farmington Company can borrow at 6.95 percent. The company currently has no debt and the cost of equity is 11.35 percent. The current value of the firm is $650,000. The corporate tax rate is 21 percent. What will the value be if the company borrows $365,000 and uses the proceeds to repurchase shares? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32