Tool Manufacturing has an expected EBIT of $31,000 in perpetuity, and a tax rate of 33 percent. The firm has $73,000 in outstanding debt at an interest rate of 10 percent, and its unlevered cost of capital is 12 percent. The value of the firm is $ according to M\&M Proposition I with taxes. (Do not include the dollar sign (\$). Round your answer to 2 decimal places. (e.g. 32.16))