The current value of a firm is $$990,269$ and it is $100\%$ equity financed. The firm is considering restructuring so that it is $47\%$ debt financed. If the firm's corporate tax rate is $45\%,$ the typical personal tax rate of an investor in the firm's stock is $15\%,$ and the typical tax rate for an investor in the firm's debt is $15\%,$ what will be the new value of the firm under the MM theory with corporate taxes but no possibility of bankruptcy.

Round the answer to two decimals.