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Mitan Industries expects free cash flows of 511 million ench year. Millon's corporate tax rase is 25%, and ts unleverod cost of capital is 9%.

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Mitan Industries expects free cash flows of 511 million ench year. Millon's corporate tax rase is 25%, and ts unleverod cost of capital is 9%. Miton aho has outatinding debt of 533 s. mition, and if expects to maintain thin linvel of debt permanently. a. What is the value of Miten Industries without leverage? b. What is the yshe of Mithon Industries with loverage? a. What is the value of Miton induntries witheut leverage? The vilue of Mhan industres without leverape is $ milion. (Round to two decimal places.) b. What is the value of Mitton lndastries with leverage? The value of Milon industries with leverage is $ milion. (Found to two decimal places.)

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