Check my work 5 Here is a simplified balance sheet for Epicure Pizza (figures in $ millions): 10 points Assets Current assets Fixed assets $ 106 95 Liabilities and Shareholders' Equity Current liabilities $ 125 Long term debt Equity 42 Total $ 201 Total $ 201 eBook Print References Note: There are 14 million shares outstanding. Epicure shares are currently priced at $13 each. a. What value should be used for debt when calculating the firm's WACC? (Enter your answer in millions.) Debt figure million b. Since Epicure issued its debt, interest rates have fallen substantially. Do you need to revise your measure of the debt ratio upward or downward? Upward O Downward