Firm Z and Y have identical cash flows. Firm Z is 40% debt financed while firm Y is 100% equity financed. The same required rate of return on their debt equals 10%.(Assume debt is perpetual) i) Next periods cash flows for each firm are 100. Assume both firms pay out all excess cash in form of dividends. What cashflows go to the debt and equity holders of both firms? (Assume no corporate taxes). [3 marks] ii) You own 10% of firm Zs stock. What cash flow will you get in the future? What combination of other assets will give you the same cash flow? [3 marks] iii) Suppose there is a corporate tax of 40%. What should the value of each firm be?