VL=VU+DTC=EL+D Topco Industries has 10 million shares outstanding with a market price of $23 per share and no debt. Topco has consistently stable earnings and pays a Tc=25% corporate tax rate. Although investors expect Topco to remain allequity financed, management plans to announce that Topco will borrow $80 million on a permanent basis (after borrowing the $80 million, Topco's debt is not expected to change). Management plans to use the borrowed funds to repurchase some of the outstanding shares. Their expectation is that levering up will boost Topco's share price. 4/a. What is Topco's firm value before the announcement