Hancver fech is currently an all equity firm that has 400,000 shares of stock outstanding with a market price of $25.00 a share. The current cost of equity is 23 percent and the tax rate is 36 percent. The firm is considering permanently adding $5,500,000 of debt with a coupon rate of 6 percent to its capital structure. The debt will be sold at par value. What is the levered value of the equity? Round your answer to the nearest whole dollar, but don't include the sign. HINT: First get the value of the unlevered firm. Then calculate the value of the levered firm. The total value of any firm is the value of the debt the value of the equity. Meyer \& Co. expects its EBIT to be $66,000 every year forever. The firm can borrow at 5 percent. Meyer currently has no debt, and its cost of equity is 11 percent. If the tax rate is 35 percent, what is the value of the firm? (Do not round Intermedlate calculations. Round your answer to 2 decimal places, e.g., 32.16.) What will the value be if the company borrows $100,000 and uses the proceeds to repurchase shares? (Do not round Intermedlate calculations. Round your answer to 2 decimal places, e.g., 32.16.)