Here are book- and market-value balance sheets of the United Frypan Company: Book-Value Balance Sheet Net working capital Long-term assets $45 Debt $ 45 55 Equity $ 100 100 Market-Value Balance Sheet Net working capital Long-term assets $45 Debt $ 45 200 200 Equity $ 245 $ 245 Assume that MM's theory holds except for taxes. There is no growth, and the $45 of debt is expected to be permanent. Assume a 35% corporate tax rate a. How much of the firm's market value is accounted for by the debt-generated tax shield? PV tax shield b. What is United Frypan's after-tax WACC ifrDebt-71% andEquity-15.9%? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC