ANSWER THE FOLLOWING QUESTION CORRECTLY

The A. J. Croft Company (AJC) currently has $200,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate of 6 percent. Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero-growth company. AJC''s current cost of equity is 10 percent, and its tax rate is 40 percent. The firm has 10,000 shares of common stock outstanding.
     

.     What is AJC''s current total market value?