Suppose that you have following information about the company:

- The company has 2 billion shares outstanding

- The market value of its debt is 4 billion

- The free cash flow to the firm is currently 1.2 billion

- The equity beta is 0.9; the equity (market) risk premium is 7.5%; the risk-free rate is 3.5%

- The before-tax cost of debt is 7%

- The tax rate is 20%

- The company is currently and in the future financed 25% with debt

- The growth rate of the free cash flow to the firm is 4%

Calculate the following:

a) Weighted average cost of capital (WACC)

b) Value of the firm

c) Total market value of equity and value per share