I have finished all the questions of Problem 23, But my asking is that when the conditions from Problem 24 are brought into Problem 23, how to get the correct answers of a, b, and c? That's all. Thank you.

23 Ebortal Limited carries $240 million in debt and has $20 million in excess cash. Assume that the market value of debt equals its book value. The firm expects to generate $132 million in free cash flows, after corporate taxes, into perpetuity, with no growth expected. Ebortal has a dividend payout ratio of 80%, which is expected to remain constant. The before-tax cost of debt is 8% and the cost of equity to the firm is 12%. The corporate tax rate is 30%. Assume that Ebortal operates under a classical tax system a. What is the market value of equity? b. What is the firm's enterprise value? c. What is the firm's weighted average cost of capital? 24 "Redo Problem 23, assuming that the firm expects to generate $132 million in free cash flows next year, and that these free cash flows are expected to grow at 2% in perpetuity, and that the firm operates under an imputation tax system and all its shareholders can fully utilise the franking credits to offset their personal tax