ce 300: Introduction to Finance : Homework: Homework 13 (Chapter 16) Question 20, P 16-29 (similar to) Part 1 of 2 HW Score: 0%, 0 of 20 points O Points: O of 1 Save Marpor Industries has no debt and expects to generate free cash flows of $14 million each year, Marpor believes that if it permanently increases its level of debt to $17.81 million, the risk of financial distress may cause it to lose some customers and receive less favourable terms from its suppliers. As a result, Marpor's expected free cash flows with debt will be only $13 million per year. Suppose Marpor's tax rate is 21%, the risk-free rate is 3%, the expected return of the market is 16%, and the beta of Marpor's free cash flows is 1.3 (with or without leverage) a. Estimate Marpor's value without leverage. b. Estimate Marpor's value with the new leverage. a. Estimate Marpor's value without leverage Marpor's value without leverage is smilion, (Round to two decimal places.) Get more help Clear all Check answer 51 3,95 otv E MacBook Air RO