Hominy, Inc., has debt outstanding with a face value of $$6$ million. The value of the firm if it were entirely financed by equity would be $$18\mathrm{.}7$ million. The company also has $350,000$ shares of stock outstanding that sell at a price of $$39$ per share. The corporate tax rate is $22$ percent. What is the decrease in the value of the company due to expected bankruptcy costs?