Farmington Company can borrow at 7.3 percent. The company currently has to debt and the cost of equity is 11.7 percent. The current value of the firm is $685,000. The corporate tax rate is 23 percent. What will the value be if the company borrows $400,000 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. Value of the firm