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Suppose the corporate tax rate for Company A is 38%. Consider a fim that earns $1481 bofore intorest and taxes each year with no risk.

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Suppose the corporate tax rate for Company A is 38%. Consider a fim that earns $1481 bofore intorest and taxes each year with no risk. The firmis capital expenditures equal is depreciation expenses each year, and it will have no changes to its net working captal. The risk-free interest rate is 3.54%. Suppose the firm makes interest payments of $466 per year. What is the value of debt? NOTE: Submit your answers with 4 decimals after the dot. Do not include the " $ " sign

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