Market Value of firm after recap and Market Value of Equity

An allequity busineSS has 105 million shares outstanding Selling for $20 a share. Management believes that interest rates are unreasonably low and decides to execute a leveraged recapitalization {a recap]. It will raise $1 billion in debt and repurchase 50 million shares; a. What is the market value of the rm prior to the recap? What is the market value of equity? [Enter your answers in billions rounded to 1 decimal plaoe.} Market value of equity b. Assuming the Irrelevance Proposition holds. what is the market value of the rm alter the recap? What is the market value of equity? {Enter your answers in billions rounded to 1 decimal place] Market value ofequily d. Assume now that the recap increasos total rm cash flows+ which adds $110 million to the value of the iirm. Now what is the market value of the firm? What is the market value of equity? [Enter your answers in billions rounded to 2 decimal places}