282bhp!!!!!!
this assums that there is no restriction to flow from inlet or exhaust system and valves stay the same size.
formula:
maxpower = 35 x 35 x 3.1416/4 x 8 = 7696.92 sqmm
max power = (valve adjustment) 7696.92 x 1.10 = 8466.612
maxpower = 8466.612/30 = 282
maxpower = 282.22bhp
for a balls out race car, with money not an issue and larger valves (on average you can fit 7% lager valves to engines) the max power is 320.7bhp.