Please can you solve all parts of the question providing detailed explanation on how to do each part of the question. Your help is very much appreciated and thank you for your efforts.

World Sports is planning to issue shares to finance its further expansion, which needs 10 million. The underwriter estimates that the company can sell its shares at 20 per share with a 10% gross spread. In addition, the issue costs are estimated to be 150,000. If the equity issue is firm commitment underwriting, how many shares will World Sports need to sell to finance its further expansion? (b) Harvester has expected earnings before interest and tax (EBIT) of 45,000 in perpetuity and a tax rate of 30%. Harvester has 60,000 in outstanding debt at an interest rate of 8%. The unlevered cost of capital is 12%. 1. What is the value of Harvester according to MM Proposition I with taxes? [6 marks] 2. Should Harvester change its debt-equity ratio if the goal is to maximize the value of the firm? Explain