Schwarzentraub Industries' expected free cash flow for the year is $700,000; in the future, free cash flow is expected to grow at a rate of 9%. The company currently has no debt, and its cost of equity is 13%. Its tax rate is 40%. (Hint: Use the equations mentioned below.) V = Vu+ VL rsL = rsu + rdTD TSU-9 rd S The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. X Open spreadsheet a. Find V. Enter your answer in millions. For example, an answer of $1.21 million should be entered as 1.21, not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. $ million b. Find V if Schwarzentraub uses $3 million in debt with a cost of 9%. Use the APV model that allows for growth. Enter your answer in millions. For example, an answer of $1.21 million should be entered as 1.21, not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. $ million Find SL. Do not round intermediate calculations. Round your answer to one decimal place. % c. Based on Vu from part a, find V using the MM model (with taxes) if Schwarzentraub uses $3 million in 9% debt. Enter your answer in millions. For example, an c. Based on Vu from part a, find V using the MM model (with taxes) if Schwarzentraub uses $3 million in 9% debt. Enter your answer in millions. For example, an answer of $1.21 million should be entered as 1.21, not 1,210,000. Do not round intermediate calculations. Round your answer to two decimal places. $ million Find SL. Do not round intermediate calculations. Round your answer to one decimal place. %