PHP - insertar enlace en php en value de input type text

<input type="text" class="form-control" name="file" placeholder="Documento" value="<a href='<?php echo $text; ?>'>FACTURA</a>">

<style>

.link{

	color:blue;

	text-decoration:underline;

	cursor:pointer;

}

</style>

<script>

	window.addEventListener('load', function(){

		document.querySelector('.link').addEventListener('click', function(){

			location.href=this.dataset.url;

		});

	});

</script>

<input type="text" class="link" data-url="file:///C:/xampp/htdocs/sistema/upload/file.pdf" value="FACTURA" readonline />

<style>

	.input{

		border:solid 1px #8f8f9d;

		border-radius: 3px;

		padding:1px;

	}

	.input:hover{

		border:solid 1px #676774;

	}

</style>

<a class="input" href="file:///C:/xampp/htdocs/sistema/upload/file.pdf">FACTURA</a>