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Miller Model with Corporate and Personal Taxes Gruz Corporation has $150 billon of debt outstanding. An otherwise identical firm has no debt and has a

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Miller Model with Corporate and Personal Taxes Gruz Corporation has $150 billon of debt outstanding. An otherwise identical firm has no debt and has a market value of $650 billion. Under the Milfer model, what is Cruz's value it the federal-plus-state corporate tax rate is 28%, the effective personal tax rate on stock is 17%, and the personal tax rate on debt is 29% ? Enter your answer in bilions. For example, an answer of $1.23 billion should be entered as 1.23, not 1,230,000,000. Do noe found intermediate calculations. Pound your answer to two decimal Places. 1) buinen

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