Consider Table 1. Food Inc. has assets that pay earnings before interest and tax (EBIT) of either 140 million or 100 million in one year from now (after which the company shuts down), each with probability 50%. (Total 50 Marks) a. Consider Table 1. Assume perfect capital markets. Calculate the market value of Food Inc.'s equity and its price per share. Detail all calculations that you use. (10 Marks) b. Consider Table 1. Assume that the capital market is not perfect, and the corporate tax rate is 30%. Calculate the cash flows for equity holders at t=1. Detail all calculations that you use. (14 Marks) c. Consider Table 1. Assume that the capital market is not perfect, and the corporate tax rate is 30%, and the market capitalization of Food Inc.'s equity is 50 million. What is the after-tax weighted average cost of capital (after-tax WACC)? What is the cost of levered equity? Detail all calculations that you use. (12 Marks) d. Consider Table 1. Assume that the capital market is not perfect, and the corporate tax rate is 30%, and the market capitalization of Food Inc.'s equity is 50 million. Given the after-tax WACC calculated from Question 2-c, what is the present value of the firm? Is the price of Food Inc. overvalued or undervalued, why? Detail all calculations that you use. (14 Marks)