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The current value of a firm is $ 3 4 1 , 8 6 6 and it is 1 0 0 % equity financed. The

The current value of a firm is $

341, 866

and it is

100 %

equity financed. The firm is considering restructuring so that it is

44 %

debt financed. If the firm's corporate tax rate is

20 %,

what will be the new value of the firm under the MM theory with corporate taxes but no possibility of bankruptcy.

Round to answer to two decimals.

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