3. Liquidation decision. It is the end of 2022. Your firm's year-end 2022 balance sheet is given below. You are debating whether to close down or continue this business. a. If the firm is liquidated, the inventory and accounts receivable will fetch 50% of book value; and the property plant and equipment can be sold at 2x book value. The corporate tax rate is 25%. Calculate the after-tax overall liquidation value of the firm. b. If the firm is not liquidated, its overall free cash flow in 2023 is projected to be $11 million. Assuming the free cash flow grows steadily at 2% a year and the firm's weighted average cost of capital is 12%, calculate the value of the firm as of year-end 2022. c. Based on your calculations, what would you recommend for this firm: to stay in business (growing its free cash flows at 2\%), or to shut down the operations and liquidate the firmnow? d. What is your estimate of the market value of the firm's equity under your chosen preferred strategy in the previous