Problem 17-02 (MM Model with Corporate Taxes) 4 Question 2 of 6 b Check My Work (5 remaining) MM Model with Corporate Taxes An unlevered firm has a value of $800 million. An otherwise identical but levered firm has $140 million in debt at a 5% interest rate, which is its pre-tax cost of debt. Its unlevered cost of equity is 12%. No growth is expected. Assuming the federal-plus-state corporate tax rate is 25%, use the MM model with corporate taxes to determine the value of the levered firm. Enter your answer 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