$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$Suppose$$ Alcatel$-$Lucent has an equity cost of capital of $11\%,$ market capitalization of $ $9\mathrm{.}88$billion$,$ and an enterprise value of $ $13$ billion. Assume$$ Alcatel$-$Lucent's debt cost of capital is $6\mathrm{.}9\%,$ its marginal tax rate is $38\%,$ the WACC is $9\mathrm{.}39\%,$ and it maintains a constant$$ debt$-$equity ratio. The firm has a project with average risk. Expected free cash$$ flow, debt$$ capacity, and interest payments are shown in the$$ table: $($image$)....$

a$.$ What is the free cash flow to equity for this$$ project?

b$.$ What is its NPV computed using the FTE$$ method? How does it compare with the NPV based on the WACC$$ method?