an unlevered firm has a value of $900 million. an otherwise identical but levered firm has $50 million in debt at a 4% interest rate, which is its pre-tax cost of debt. its unlevered cost of equity is 12%. after year 1, free cash flows and tax savings are expected to grow at a constant rate of 4%. assuming the corporate tax rate is 25%, use the compressed adjusted present value model to determine the value of the levered firm. (hint: the interest expense at year 1 is based on the current level of debt.) enter your answer in millions. for example, an answer of $10,550,000 should be entered as 10.55. do not round intermediate calculations. round your answer to two decimal places.