Modigliani and Miller's world of taxes. Air Seattle is looking to change its capital structure from an all-equity firm to a levered firm with 50% debt and 50% equity. Air Seattle has lost its not-for-profit status, and the corporate tax rate is now 35% If Air Seattle's value was $5,000,000 as an all-equity firm, what is its value under a 50/50 debt-to-equity ratio? Assume the 55,000,000 is the after-tax value of the unlevered firm What is the value of Air Seattle under a 50/50 debt-to-equity ratio? (Round to the nearest dollar)