Seeking help on my homework for class as I am having issues. Thank you

Marpor Industries has no debt and expects to generate free cash ows of $14 million each year. Marpor believes that if it permanently increases its level of debt to $35 million, the risk of nancial distress may cause it to lose some customers and receive less favorable terms from its suppliers. As a result, Marpofs expected free cash ows with debt will be only $13 million per year. Suppose MarpoI's tax rate is 40%, the riskfree rate is 3%, the expected retum of the market is 15%. and the beta of MarpoI's free cash ows is 1.2 (with or without leverage). a. Estimate Marpoi's value without leverage. h. Estimate MarpoHs value with the new leverage. a. Estimate Marpoi's value without leverage. MarpoI's value without leverage is $ million. (Round to the nearest integer.) h. Estimate MarpoHs value with the new leverage. MarpoI's value with the new leverage is $ million. (Round to two decimal places.)