Tool Manufacturing has an expected EBIT of $70,000 in perpetuity and a tax rate of 35 percent. The firm has $135,000 in outstanding debt at an interest rate of 7.6 percent, and its unleveraged cost of capital is 10 percent. What is the value of the firm according to M&M Proposition I with taxes? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Value of the firm $