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Wolfgang can borrow at 12.5 percent. The company currently has no debt, and the cost of equity is 16 percent. The current value of the

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Wolfgang can borrow at 12.5 percent. The company currently has no debt, and the cost of equity is 16 percent. The current value of the fim is $682,000. The corporate tax rate is 35 percent What will the value be if the company borrows $229,000 and uses the proceeds to repurchase shares? (Do not round Intermersto calculations and round your answer to the nearest whol Value of the firm S

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