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Rise Against Corporation is comparing two different capital structures, an all - equity plan ( Plan I ) and a levered plan ( Plan II

Rise Against Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 205,000 shares of stock outstanding. Under Plan II, there would be 155,000 shares of stock outstanding and $2.17 million in debt outstanding. The interest rate on the debt is 6 percent and there are no taxes.
What is the value of the firm under the proposed plan? (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. (e.g.,32))
All equity plan $

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