Tool Manufacturing has an expected EBIT of $39,000 in perpetuity, and a tax rate of 31 percent. The firm has $80,000 in outstanding debt at an interest rate of 11 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))