Jordan, Corp., has debt outstanding with a market value of $$3$ million. The value of the firm

would be $X million if it were entirely financed by equity. The company also has $360,000$

shares of stock outstanding that sell at $$50$ per share. The corporate tax rate is $30$ percent. The

expected bankruptcy cost is $1\mathrm{.}5$ million. If there is no other market friction like agency

cost$/$benefit$,$ what is X$?$