$8)$ In class $($and in Chapter $19)$ we discussed the Adjusted Present Value $($APV$)$ model. The basic idea of the APV is that we characterize a firm$$s value as:

V $=$ VBASE $+$ PV$($interest tax shields$)$

Where VBASE is the value if all$-$equity financed. Given that you already calculated the value if all$-$equity financed $($in #$7)$ and the PV of interest tax shields $($in #$10),$ what is MM$$s APV? As a result, what is the value of MM$$s equity under Moe$$s plan?