30. Deep See Ventures, a glass bottom boat company in Key Largo and several islands in the Caribbean, currently has an all-equity capital structure. It has expected (perpetual) pre-tax operating income (EBIT) of $100,000 per year and a corporate tax rate ot 40%. The personal tax rate on debt is 30%, and the personal tax rate on equity is 15%. Assuming no financial distress costs, answer the tollowing questions. a. ll equity investors currently require an (unlevered) 12% return on their after-tax cash flows, what is the current market value of Deep See? {Do not round intermediate results. Express your answer in whole dollars, no "$", no decimal places, use commas in numbers greater than or equal to 1,000.) b. What is the new total firm market value if Deep See recapitalizes the firm by borrowing $200,000 as perpetual debt. (Do not round intermediate results and provide your answer in whole dollars, no "$", no decimal places, use commas in numbers greater than or equal to 1,000.) c. It you learned that the debt is risky and a large proportion of the assets are intangible, would you revise up or down the benelit from leverage calculated in b