Tool Manufacturing has an expected EBIT of $67,000 in perpetuity and a tax rate of 22 percent. The firm has $195,000 in outstanding debt at an interest rate of 4.4 percent, and its unlevered cost of capital is 10.3 percent. What is the value of the firm according to M&M Proposition I with taxes? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)..