Hi I was wondering if you could help. Suppose that New Line has a debt-to-value ratio of 25%, an equity cost of capital of 15%, a debt cost of capital of 4%, and a marginal tax rate of 25%. For year 0 its debt is 20, year 1 is 10, and year 2 is 0. What is the levered value of the project? The answer is $101.63 million but I am not sure how to get to the answer.