You currently run an all equity firm that has 1,000,000 shares of stock outstanding and a share price of $30.00. You estimate that the cost of equity is 21 percent and the tax rate is 36 percent. Your CFO has proposed using $19,500,000 in debt to repurchase shares. What would be the levered value of the equity under this plan?

Round your answer to the nearest whole dollar, but don't include the $ sign.