Colt Systems will have EBIT this coming year of $33 million. It will also spend $12 million on total capital expenditures and increases in net working capital, and have $5 million in depreciation expenses. Colt is currently an all-equity firm with a a. If Colt's free cash flows are expected to grow by 10.1% per year, what is the market value of its equity today? b. If the interest rate on its debt is 10%, how much can Colt borrow now and still have non-negative net income this coming year? C. Is there a tax incentive today for Colt to choose a debt-to-value ratio that exceeds 57%? Explain