Here are book and market-value balance sheets of the United Frypan Company [gures In 55 millions): Book-Value Balance Sheet Net working capital 3 63 Debt $ 65 Long-term assets '13 Equityr 35 i 133 5 1W ' Henlaet-Value Balance Sheet Net working capital 3 63 Debt $ 65 Long-term assets 155 Equityr 15'3I 5 215 $ 215 ' Assume that MM's theory holds except for taxes. There is no growth. and the $65 of debt is expected to be permanent. Assume a 21% corporate tax rate. a. How much of the rm's market value is accounted for by the debtgenerated tax shield? {Enter your answer In million rounded to 2 decimal places.) is. What is United Frypan's after-tax WAC-C if rm\" = 6.2% and rEquity =16.B%? (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 aer a grace period of 5 years. What will be the new value of the rm. other thlngs equal? Assume a borrowing rate of 6.2%. (Do not round intermediate calculations. Enter your answer in million rounded to 2 decimal places.) __m __ _m