Consider a company with a P/E multiple equal to 16x, tax rate 40%, debt ratio 35%, cost of debt 10%, depreciation to sales 7%, and EBITDA to sales margin 11%. [10 Marks] a. What are the equivalent EBITDA and revenue multiples? b. What would be the unlevered cost of capital of this firm? c. Derive the revised EBTDA and revenue multiples for a net debt ratio of 20%? Assume that the changes in cost of debt are negligible.