answer the third blank

Mitra Corporation is currently all equity financed and has a value of $50 million. Investors currently require a return of 18.1 percent on common stock. Mitra has a marginal tax rate of 40 percent. Mitra plans to issue $50 million of debt with a return of 7.5 percent and use the proceeds to repurchase common stock What will be the value of the firm after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. 70.00 Correct response: 70million Given that the value of the firm after the debt issue will be $70 million, what will be the value of the equity after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. 20.000 Correct response: 20million Given that the value of the equity after the debt issue will be $20 million, what will be the expected return on the stock after the debt issue? Enter your answer as a percentage and round to 2 decimal places. Do not enter the percentage sign as part of your answer. Enter your response below. Number