Mercedes F$1$ currently has $858,706$ shares outstanding with a market price of $$6\mathrm{.}52.$ The firm is considering issuing $$382,060$ in debt into perpetuity. The firm has estimated the total present value of costs of debt $($including bankruptcy and agency costs$)$ is equal to $$24,099.$ The current corporate tax rate TC $=30\%.$ What is the value of Mercedes F$1$ if they issue the debt assuming the Static Trade$-$off Theory holds?

Do not enter the $ sign in your answer.

If you solve this problem with algebra, round any intermediate calculations to $6$ decimal places.

In all cases round your final answer to two decimal places, e$.$g$.$ if the value is $$8\mathrm{.}723645,$ write $8\mathrm{.}72$