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 6.1 percent, and its unlevered cost of capital is 11.9 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.) Value of the firm