Stomp Transistors Inc. is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. Stomp plans to announce that it will borrow $50 million in perpetual debt and use the funds to repurchase shares; Stomps announcement is not anticipated by investors and thus not reflected in the current stock price of $7.50 per share. Stomp will pay interest only on this debt, and it has no further plans to increase or decrease the amount of debt. Stomp is subject to a 40% corporate tax rate.

What is the market value of Stomp's assets just after debt is issued, but before shares are repurchased.