Tatum can borrow at 7.05 percent. The company currently has no debtand the cost of equity is 11.45 percent. The current value of the firm is $660,000. The corporate tax rate is 23 percent.What will the value be if the company borrows $375,000 and uses the proceeds to repurchase shares?(Do not round intermediate calculations and round your answerto the nearest whole number, e.g., 32.)