Question 9 You own all the equity of R.G.C. I Ltd. The company has no debt. The company's annual cash flow is GH900,000 before interest and taxes. The company tax rate is 35%. You have the option to exchange 1/2 of your equity position for 5% bonds with a face value of GH2,000,000. i. What is the value of the unlevered firm? ii. What is the value of the levered firm? iii. Assuming a bankruptcy cost of GH8000, what is the value of the levered firm after considering bankruptcy cost