Barclay Corp is operating in a country K where the corporate tax is 30%, personal income tax on bond investment is 25% while the personal tax on stock is 29%. Assume the firm's earnings before interest and taxes is $2,400,000 and cost of equity with zero debt is 8%.

1. If Barclay current has $8 million total market value of debt financing, what would be the market value of the company of Barclay Corp in this country K?

2 . What is the proportion of debt (wd) and equity (ws) financing for Barclay Corp with financial leverage?