Here are book- and market-value balance sheets of the United Frypan Company (figures in $ millions):

Book-Value Balance Sheet
Net working capital	$ 50	Debt	$ 70
Long-term assets	50	Equity	30
	$ 100		$ 100

Market-Value Balance Sheet
Net working capital	$ 50	Debt	$ 70
Long-term assets	160	Equity	140
	$ 210		$ 210

Assume that MMs theory holds except for taxes. There is no growth, and the $70 of debt is expected to be permanent. Assume a 21% corporate tax rate.

How much of the firm's value is accounted for by the debt-generated tax shield?

Note: Enter your answer in million rounded to 2 decimal places.

What is United Frypans after-tax WACC if rDebt=6.3%Debt=6.3% and rEquity=16.7%Equity=16.7% ?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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 firm, other things equal? Assume an 6.3% borrowing rate.

Note: Do not round intermediate calculations. Enter your answer in million rounded to 2 decimal places.