River Cruises is all-equity-financed with 47,000 shares. It now proposes to issue $220,000 of debt at an interest rate of 12% and to use the proceeds to repurchase 22,000 shares. Suppose that the corporate tax rate is 21%. Calculate the dollar increase in the combined after-tax income of its debt-holders and equity-holders if profits before interest are: (Do not round intermediate calculations.) 72,000 97,000 $ 172.000 a. $ b. $ C. Increase in Cash Flow