Bethlehema Steel is a publicly traded steel company with $$60$ million in outstanding debt and $$40$ million in market value of equity. Assuming the firm is correctly priced. The firm$$s cost capital currently is $12\%$ and is expected to generate $$16$ million in EBIT$(1-$T$)$ next year. The firm is expected to grow in stable growth at $4\%$ a year in perpetuity. To support the growth, the firm needs to invest $50\%$ of its EBIT$(1-$T$)$ in fixed assets and working capital. You believe if you acquire the control of the firm, you can sell idle assets for $$40$ million and lower the cost of capital to $10\%($Plan A$).$

Following $4($Plan B$),$ What would be the new value of the firm?

a$.$

$156\mathrm{.}25$

b$.$

$184\mathrm{.}05$

c$.$

$208\mathrm{.}33$

d$.$

$250$