The market value of Firm L's debt is $500,000 and its yield is 8%. The firm's equity has a market value of $300,000, its earnings are growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 10%. Under the MM extension with growth, what would Firm L's total value in $ be if it had no debt? 480,000 358,421 397.143 417,000 437,850