An unlevered corporation BlueSky has a value of $$200$ million. An identical but levered corporation has $$40$ million in debt and a $6\%$ cost of debt.

Assuming a corporate tax rate of $30\%,$ and a personal tax rate of $20\%,$ long$-$term capital gain tax rate of $15\%$ and financial distress cost of $8\%$ of debt.

What is the value of the levered corporation?

A$.$ The answer has to be $207\mathrm{.}1$ million