Here are book and market value balance sheets of the United Frypan Company figures in millions Book-Value Balance Sheet Net working capital de Debt Long-term assets setquity $ 180 Market Value Balance Sheet Het working capital 40 Debt Long-term ants 150 Equity Assume that MM's theory holds except for taxes. There is no growth, and the 560 of debt is expected to be permanent. Assume a 2 corporate tax rate. a. How much of the firm's market value is accounted for by the debt generated tax shield? (Enter your answer in million rounded to 2 decimal places.) b. What is United Frypan's after tax WACC for 76% and Fruity 15.4% (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. Now suppose that Congress passes a law that eliminates the deductibility of interest for tax purposes after a grace period of 5 years. What will be the new value of the form other things equal? Assume a borrowing rate of 76% (Do not round intermediate calculations. Enter your answer in million rounded to 2 decimal places) PV tax shield I WACC New value of the form