Suppose that your firm's current unlevered value is $800,000, and its marginal corporate tax rate is 35 percent. Also, you model the firm's present value of financial distress costs as a function of its debt level according to the relation: PV of financial distress = $800,000 (D/V)2. What is the firm's levered value if it issues $200,000 of perpetual debt to buy back stock?