Acme Storage has a market capitalization of $$150$ million and debt outstanding of $$50$ million.

Acme plans to maintain this same debt$-$equity ratio in the future. The firm pays an interest rate of $8\%$ on its debt and has a corporate tax rate of $35\%.$

$(5$ points$)$ If Acme$$s free cash flow is expected to be $$25$ million next year and is expected to grow at a rate of $3\%$ per year, what is Acme$$s WACC?

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$(9$ points$)$ What is the value of Acme$$s interest tax shield