Byrd Enterprises has no debt. Its current total value is $$49$ million. Assume debt proceeds are used to repurchase equity.

a$.$ Ignoring taxes and bankruptcy costs, what will the company's value be if it sells $$19\mathrm{.}4$ million in debt? Hint: does the value of the firm change by changing capital structure if we ignore taxes and bankruptcy costs?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.$

b$.$ Suppose now that the company's tax rate is $25$ percent. What will its overall value be if it sells $$19\mathrm{.}4$ million in debt? Again, ignore bankruptcy costs but consider taxes.

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.$

$\backslash$table$[[$a$.$ Value of the firm,$],[$b$.$ Value of the firm,$]]$