Tool Manufacturing has an expected EBIT of $38,000 in perpetulty, and a tax rate of 34 percent. The firm has $62,000 in outstanding debt at an interest rate of 12 percent, and its unlevered cost of capital is 15 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))