Please answer both questions listed at the end of the problem

In September 2008 , the IRS changed tax laws to allow banks to utilize the tax loss carryforwards of banks they acquire to shield up to 100% of their future income from taxes (prior law restricted the ability of acquirers to use these credits). Suppose Fargo Bank acquired Covia Bank and with it acquired $60 billion in tax loss carryforwards If Fargo Bank was expected to generate taxable income of $8 billion per year in the future, and its tax rate was 30%, What was the present value of these acquired tax loss carryforwards given a cost of capital of 8% ? How would the present value change under current law which restricts the amount of the deduction to 80% of pre-tax income? If Fargo Bank was expected to generate taxable income of \$8 billion per year in the future, and its tax rate was 30%. what was the present value of these acquired tax loss carryforwards given a cost of capital of 8% ? The present value of these acquired tax loss carryforwards is \$ billion. (Round to fwo decimal places)