Tatum can borrow at 6.45 percent. The company currently has no debt and the cost of equity is 10.85 percent. The current value of the firm is $600,000. The corporate tax rate is 21 percent. What will the value be if the company borrows $315,000 and uses the proceeds to repurchase shares? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Value of the firm