18. A firm has debt capacity equal to debt-equity ratio of 1:1. The firm's interest payments are s lakh per year. The risk-free rate is 8 per cent and the market risk premium is 9 per cent. The unlevered beta of the firm is 1.20 and beta of debt is zero. The firm's annual revenues are estimated at 100 lakh each year; the cost of goods sold, will be 45 lakh and general and administrative expenses will be t20 lakh. All revenues and expenses are on cash basis and are expected to remain the same forever. The corporate tax rate. is 34 per cent. What is the value of the firm's equity? What is the total value of the firm?