(For this problem, assume that all Miller-Modigliani assumptions hold.)

Apples & Oranges is currently an all-equity firm. Its management expects its Earnings Before Interest and Taxes to equal $510,000 every year in the future. Its cost of equity is 11%. The firm faces a 34% tax rate for all of its taxable income each year.

Apples & Oranges is contemplating taking a $450,000 loan at 6.50% annual interest rate.

The values in the table below are related to the firm's valuation. Fill it out! Round all dollar values to WHOLE dollar, and do NOT use the "$" signs. (You can type with or without the commas.)

	If the firm remains all-equity	If the firm takes the $450,000 loan
Firm's total value	$	$
Firm's equity value	$	$
Firm's debt value	$	$

HINT: You won't need to use one of the numbers that is given.