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The current value of a corporation is $82,837 and it is 100% equity financed. The corporation is considering restructuring so that it is 18% debt

The current value of a corporation is $82,837 and it is 100% equity financed. The corporation is considering restructuring so that it is 18% debt financed. If the corporation tax rate is 40%, what will be the new value of the firm under the mm theory without taxes, transaction costs, or the possibility of bankruptcy?

Round the answer to two decimals.

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