Excel Online Structured Activity: Adjusted Present Value Schwarzentraub Industries' expected free cash flow for the year is $550,000; in the future, free cash flow is expected to grow at a rate of 10%. The company currently has no debt, and its cost of equity is 14%. Its tax rate is 40%. (Hint: Use the equations mentioned below.) VL=VU+(rUgrdTD)rAL=rAU+(rAUrd)SD The data has been coliected in the Microsoft Excet Oniline file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet a. Find V0. Enter your answer in mililons. For example, an answer of $1.21 million should be entered as 1.21, not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. 5 mililion b. Find VL if Schwarzentraub uses $3 million in debt with a cost of 6%. Use the APV model that allows for growth. Enter your answer in millions. For example, an answer of $1.21 million should be entered as 1,21 , not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. 3 milition a. Find Vu. Enter your answer in millions. For example, an answer of $1.21 million should be entered as 1,21 , not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. b. Find VL if Schwarzentraub uses $3 million in debt with a cost of 6%. Use the APV model that allows for growth. Enter your answer in millions. For example, an answer of $1.21 milition should be entered as 1.21, not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. Find rst. Do not round intermedlate calculations. Round your answer to one decimal place. c. Based on VU from part a, find VL using the MM model (with taxes) if Schwarzentraub uses 53 mililion in 6% debt. Enter your answer in millions. For example, an answer of $1.21 milion should be entered as 1.21, not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. 5 mition Find raL. Do not round intermediate calculations. Round your answer to one decimal place