8a. Based on the expected net present value of a proposed capital budgeting project funded entirely with equity, a company has decided to proceed with the project. Explain how funding a portion of the initial investment in the project with debt will affect the project's value.

b. Identify two different methods the company can use to estimate the net present value of the project if it is funded partially with debt.

c. For one of the methods identified in subpart b, explain how the NPV of the leveraged project is calculated. Be as specific as possible about the information needed and the calculations that must be made.