Rumolt Industries expects free cash flows of $15 million each year. Rumolt's corporate tax rate is 40%, and its unlevered cost of capital is 8%. Rumolt also has outstanding debt of $32.5 million, and it expects to maintain this level of debt permanently. a. What is the value of Rumolt Industries without leverage? Answer: The value of Rumolt Industries without leverage is $ million. (Round to two decimal places.) b. What is the value of Rumolt Industries with leverage? Answer: The value of Rumolt Industries with leverage is $ million. (Round to two decimal places.)