Cede & Co. expects its EBIT to be $98,000 every year forever. The firm can borrow at 6 percent. The firm currently has no debt, and its cost of equity is 12 percent. a. If the tax rate is 22 percent, what is the value of the firm? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the value be if the company borrows $140,000 and uses the proceeds to repurchase shares? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value of the firm b. Value of the firmLevered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $28.1 million before interest per year in perpetuity, with each company distributing all its earnings as dividends. Levered's perpetual debt has a market value of $82 million and costs 9 percent per year. Levered has 1.4 million shares outstanding, currently worth $124 per share. Unlevered has no debt and 3.6 million shares outstanding, currently worth $70 per share. Neither firm pays taxes. What is the value of each firm? (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g.,1,234,567.) Unlevered LeveredFull Moon Corporation expects an EBIT of $33,000 every year forever. The company currently has no debt, and its cost of equity is 16 percent. The corporate tax rate is 24 percent. a. What is the current value of the company? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose the company can borrow at 10 percent. What will the value of the firm be if the company takes on debt equal to 60 percent of its unlevered value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-2. Suppose the company can borrow at 10 percent. What will the value of the firm be if the company takes on debt equal to 100 percent of its unlevered value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c-1. What will the value of the firm be if the company takes on debt equal to 60 percent of its levered value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c-2. What will the value of the firm be if the company takes on debt equal to 100 percent of its levered value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current value b-1. Value of the firm b-2. Value of the firm C-1. Value of the firm C-2. Value of the firm