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Suppose Alcatel - Lucent has an equity cost of capital of 1 0 . 9 % , market capitalization of $ 1 1 . 5

Suppose Alcatel-Lucent has an equity cost of capital of 10.9%, market capitalization of $ 11.52billion, and an enterprise value of $ 16 billion. Suppose Alcatel-Lucent's debt cost of capital is 6.8% and its marginal tax rate is 34%.
a. What is Alcatel-Lucent's WACC?
b. If Alcatel-Lucent maintains a constant debt-equity ratio, what is the value of a project with average risk and the expected free cash flows as shown here
Year
0-100
1-51
2-104
3-71
FCF ($ million)
c. If Alcatel-Lucent maintains its debt-equity ratio, what is the debt capacity of the project in part (b)?
I am just having trouble with part C.
The debt capacity of the project in part (b) is as follows:(Round to two decimal places.)
I know the debt capacity for year 0 would be 188.79., but how do I find the debt capacity for years 1,2, and 3?

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