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Pettit Printing Compary (PPC) has a total market value of $100 million, consisting of 1 milion shares seling for $50 per share and 350 mikion

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Pettit Printing Compary (PPC) has a total market value of $100 million, consisting of 1 milion shares seling for $50 per share and 350 mikion of 10% perpetval bends now selling at pac. The compary's Earr is $11.16 million, and iss tax rate is 15%. Pettit can change its capital structure by ether increasing its debt to 60% (based on market values) or decreasing it to 40%. If it dedides to bones. The company will seil or reparchase stock at the new equabrium price to complete the capital structure change, corporate value under each capital structure? Do not round intermediate calculations. Enter your monetary answers in millions. For example, an answer of $1.234 millian should be entered as 1.234 , not 1,224,000. Round your answers to three decinal places

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