Question 6 3 pts A full-equity firm has 100,000 shares worth $12 per share and its current cost of capital is 10%. It pays taxes at a 40% rate. The firm is planning a leveraged recapitalization by issuing perpetual debt at an interest rate of 5% per year and use the proceeds to repurchase shares. The firm operates in the Modigliani-Miller world with taxes. If the goal of the company is to achieve a D/V of 0.5 after the recapitalization, calculate the amount of debt that the firm must issue to achieve its goal. Round final answer to the nearest cent (two decimals). Eg.round 3,657 to 3.66