21. The following information relate to NM Company: target debt-equity ratio 0.75:1; the unlevered cost of capital 18 per cent: the annual interest rate 10 per cent; corporate tax rate 35 per cent; expected pre-tax cash flows for indefinite period 10.80 crore. [What is the value of NM Company if it is entirely financed by equity? () if the firm is levered, what is its cost of equity? () Calculate the levered firm's weighted average cost of capital. What is the value of the firm under the FCF approach? (iv) Calculate the value of the firm's equity using flow-to-equity approach and APV approach.