Suppose that with the $$44,000$of debt and no costs to financial distress the firm has a value of $$263,180.$ Suppose, in addition:

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$1)$ The debt issue raises the possibility of bankruptcy.

$2)$ The firm has a $21\%$ chance of going bankrupt after $2$ years.

$3)$ If it goes bankrupt, it will incur bankruptcy costs of $90,000.$

$4)$ The discount rate is $12\%.$

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What is the value of the firm? $$Enter your answer rounded to two decimal places.