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Acme Storage has a market capitalization of $ 2 2 8 million , and debt outstanding of $ 2 4 1 million. Acme plans to

Acme Storage has a market capitalization of $ 228million, and debt outstanding of $ 241 million. Acme plans to maintain this same debt-equity ratio in the future. The firm pays an interest of 8.5% on its debt and has a corporate tax rate of 21%.
a. If Acme's free cash flow is expected to be $ 32.83 million next year and is expected to grow at a rate of 5% per year, what is Acme's WACC?
b. What is the value of Acme's interest tax shield?
Please show work in excel.

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