RosenBall, ASA expects a cash-equivalent EBIT of 200 million without any growth in the foreseeable future. The firm’s overall cost of capital (the required rate of return on assets) is 10%, the applicable tax-rate is 25%, and there are 200 shares outstanding. RosenBall’s board of directors are currently looking into the possibility of refinancing the firm by borrowing 900 million at an interest rate of 5% per year. The loan is serviced by paying the annual interest, only. What is currently the all-equity value of RosenBall, ASA?