The firm just issued 0.2 million shares of package. Each package is with $1,000 price consisting of: (1) 15% annual coupon rate, 20-year bond and (2) 20 warrants with exercise price of $10 with 12 years maturity.

Prior package issuance, capital source is 100% common equity with 8 million shares at 15 per share.

Value of firm's operations and investments immediately after issuing the bonds with warrants = $250 million. Expected annual growth rate = 10%.

What is the firm value immediately after all warrants are exercised?