2. Problem 17-02 (MM Model with Corporate Taxes) eBook Problem Walk-Through MM Model with Corporate Taxes An unlevered firm has a value of $650 million. An otherwise identical but levered firm has $50 million in debt at a 5% interest rate. Its pre-tax cost of debt is 5% and its unlevered cost of equity is 11%. No growth is expected. Assuming the corporate tax rate is 40%, use the MM model with corporate taxes to determine the value of the levered firm. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answer to the nearest whole number. $ million