Calvert Corporation estimates an annual free cash flow of 27 million for the coming year, and expects this number to grow indefinitely at a 3% rate. The company currently has no debt but can borrow at a 6% rate. The company's current cost of equity is 15% a) What is the current total value of the firm? b) Assume there is no corporate tax. What would the firm's WACC be if it issues 100 million worth of perpetual bonds to repurchase equity? c) Assume the corporate tax rate is 30% What would the firm's total value be if it issues 100 million worth of perpetual bonds to repurchase equity?