Tool Manufacturing has an expected EBIT of $$99,000$ in perpetuity and a tax rate of $23$ percent. The firm has $$275,000$ in outstanding debt at an interest rate of $6\mathrm{.}1$ percent, and its unlevered cost of capital is $11\mathrm{.}9$ 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$.,32\mathrm{.}16.)$

Value of the firm