n unlevered firm has a value of $500 million. An otherwise identical but levered irm has $120 million in debt and $380 million in equity. No growth is expected. Assuming a corporate tax rate of 40%, a tax rate on debt income is 30%, 2hd a tax rate on stack income is 15%, what is the value of the levered firm? (Assume no bankruptcy costs) $500 million $580 million $522 million $533 million $528 million