Use the information for the question(s) below. KD Industries has 30 million shares outstanding with a market price of $16 per share and no debt. KD has had consistently stable earnings, and pays a 19% tax rate. Management plans to borrow $242 million on a permanent basis through a leveraged recapitalization in which they would use the borrowed funds to repurchase outstanding shares. After the recapitalization, the total value of KD as a levered firm is closest to (\$ million) (2 decimal places)