i) The balance sheet for Trip Advisor. is shown here in market value terms. There are 3,000 shares of stock outstanding. The company has announced that it is going to repurchase $5000 worth of stock. What will the price of the stock be after this repurchase? (5 marks) ii) Alpha Co. expects an EBIT of $8,000 every year forever. The firm currently has no debt, and its cost of equity is 15%. The firm can borrow at 7% and the corporate tax rate is 30%. What will the value of the firm be if it converts to 50% debt? (4 marks) iii) Peter Manufacturing expects its EBIT to be $200,000 every year forever. The firm can borrow at 10%. Peters currently has no debt, and its cost of equity is 15%. The tax rate is 35 %. Peter's will borrow $80,000 and use the proceeds to repurchase shares. What will the WACC be after recapitalization? (6 marks)