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please help last person who helped gave incorrect answers Companles U and L are identical in every respect except that U is unlevered while L

please help last person who helped gave incorrect answers
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Companles U and L are identical in every respect except that U is unlevered while L has $12 million of 8% bonds outstanding. Assume that: (1) All of the MM assumptions are met. (2) Both firms are subject to a 35% federal-plus-state corporate tax rate. (3) EBIT is $4 million. (4) The unlevered cost of equity is 109\%. a. What value would MM now estimate for each firm? (Hint: Use Proposition t.) Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55 . Round your answers to two decimal places. Company U:$ million Company L;5 mition b. What is rs for Firm U? Round your answer to one decimal place. % What is rs for Firm L? Do not round intermediate calculations. Round your answer to one decimal place. c. Find SL and then show that SL+D=VL, results in the same value as obtained in Part a. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55 . Do not round intermediate calculations. Round your answers to two decimal places. SL=$Si+D=5Cmillion d. What is the WACC for Firm U? Do not round intermediate calculations. Round your answer to two decimal places. $6 What is the WACC for Firm L? Do not round intermediate calculations. Round your answer to two decimal places. %

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