please show with formulas used, thanks

Suppose an all-equity company has 700,000 shares outstanding and the price per share is currently $30. The EBIT is $1,000,000 per year forever. The company is considering a new capital structure that is 23% debt. The proceeds from debt issuance are used to buy back some of the company's equity. The firm can borrow at 7% and there are no taxes. Suppose you own 120 shares of the stock and the dividend ratio is 100% 1. What is your cash flow under the proposed capital structure. Assuming the share price does not change). 2. Suppose the company keeps the original capital structure, but you prefer the cash flow under the proposed capital structure. Show that you can create the cash flows under the proposed capital structure by borrowing 29% of your initial investment and buying new shares