Problem 13-14 M&M [LO 1 Three Piggies Enterprises has no debt. Its current total value is $71.2 million. Assume debt proceeds are used to repurchase equity Ignoring taxes, what wil the company's value beifit sels $32.6 miltion in dobt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g, 1,234,567. Round your answer to the nearest whole number,.g,32.) Value of the firm $ Suppose now that the company's tax rate is 35 percent. What will ts overall value be if it sells $32.6 million in debl? (Do not round intermediate calculations and enter yout answer in dollars, not millions of dollars, .g, 1,234,567. Round your answer to the nearest whole number, e.g, 32) Value of the firm $ References eBook &Resources Section 13.4 Corporato Taxes and Capital Structre ificulty 2 Intermediate Worksheet Problem 13-14 M&MLO 1] Learing Objective: 13-01 Discuss the offect of financial leverage