I know it would include personal taxes but would it not be done with tstar x D. i see other people doing this question n they dont use D

An outstandingly successful company is all-equity financed with a value of $206 million. The personal income tax rate on interest is 48%, and the personal income tax rate on equity is 12%. The corporate tax rate is 27%. What would be the total value of the company if the leverage was increased to include $102 million of perpetual debt financing? Currently, the potential value lost due to shirking and perquisites is $16 million; these would drop to $8 million under the new structure. Expected costs of financial distress would rise from $0 to $12 million. Indicate your answer in millions and round to two decimal places. Do not put ' $ ' in your response