Texas Rangers Industries has $200,000 face value of a bond that has a coupon rate of 10%. The bond is maturing next year. The bond is traded at par. The company also expects to generate $83,000 of EBIT in perpetuity. The company's unlevered cost of equity is 15% and the corporate tax rate is 40%. Use the APV method to calculate the value of the company with leverage.

(Round your answer to the whole number)