Suppose Alcatel$-$Lucent has an equity cost of capital of $9\mathrm{.}3\%,$ market capitalization of $$10\mathrm{.}95$ billion, and an enterprise value of $$15$ billion. Assume that Alcatel$-$Lucent's debt cost of capital is $5\mathrm{.}6\%,$ its marginal tax rate is $32\%,$ the WACC is $78172\%,$ and it maintains a constant debt$-$equity ratio. The firm has a project with average risk. The expected free cash flow, levered value, and debt capacity are as follows: $$

a$.$ What is Alcatel$-$Lucent's unlevered cost of capital?

b$.$ What is the unlevered value of the project?

c$.$ What are the interest tax shields from the project? What is their present value?

d$.$ Show that the APV of Alcatel$-$Lucent's project matches the value computed using the WACC method.

a$.$ What is Alcatel$-$Lucent's unlevered cost of capital?

Alcatel$-$Lucent's unlevered cost of capital is $8\mathrm{.}3010\%.($Round to four decimal places.$)$

b$.$ What is the unlevered value of the project?

The unlevered value of the project is $$191\mathrm{.}61$ million. $($Round to two decimal places.$)$

c$.$ What are the interest tax shields from the project? What is their present value?

The present value of the interest tax shields from the project is $ million. $($Round to two decimal places.$)$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Year$,0,1,2,3...**$PLEASE SOLVE FOR PART C$**$