Calculate the unlevered value of the tax shield. a. $16.07 b. $16.72 c. $17.38 d. $18.08 e. $18.80

The answer is A but I dont know how to calculate for it

Use the following information about HCB Inc. for the next 6 questions. HCB has no non-operating assets. Year Debt FCF \begin{tabular}{rrr} & \multicolumn{2}{c}{ Projected } \\ \cline { 2 - 3 } Now & 1 & 2 \\ 20 & 30 & 35 \\ 5 & 7 & 10 \end{tabular} Interest rate on debt 6% Tax rate 40% rL (levered cost of equity) 10% ru (Unlevered cost of equity) 9% WACC 8% Growth rate 4%