Tool Manufacturing has an expected EBIT of $81,000 in perpetuity and a tax rate of 24 percent. The firm has $230,000 in outstanding debt at an interest rate of 5.1 percent, and its unlevered cost of capital is 10.9 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.) Answer is complete but not entirely correct