23 Ebortal Limited carries $240 million in debt and has $20 million in excess cash. Assume that the market value of debt equals its book value. The firm expects to generate 5132 million in free cash flows, after corporate taxes, into perpetuity, with no growth expected. Ebortal has a dividend payout ratio of 80%, which is expected to remain constant. The before-tax cost of debt is 8% and the cost of equity to the firm is 12%. The corporate tax rate is 30%. Assume that Ebortal operates under a classical tax system. a. What is the market value of equity? b. What is the firm's enterprise value? c. What is the firm's weighted average cost of capital