Company X is an all-equity financed company that is expected to generate a constant 50 million EBIT into perpetuity. EBIT is assumed to occur at the end of each year. The company currently has a 10% cost of capital and it can borrow at the risk-free interest rate of 5%. The market portfolio is expected to return 9%. Assume an M&M world with a corporate tax rate of 20%. a) What is the value of Company X? b) What is the beta of its shares? Suppose Company X announces that it will issue 100 million in new debt to repurchase shares. Assume that the announcement was unanticipated and that no further changes in capital structure are expected. c) How much (in percentage) will the companys share price change? d) What is the companys cost of capital (after-tax WACC) after the transaction is completed