SystemSpecs is a software company. In the most recent financial year, the firm had operating earnings before interest and taxes of $200 million and earned an additonal interest income of $10 million on its cash balance of $420 million. The firm has a debt ratio of 13%, a return on capital of 12% on operating assets, a cost of debt of 8% and a tax rate of 30%. The firm is expected to grow 5% per year forever. The unlevered beta for other database software firms is 1.7, and these firms have on average cash balances of 12% of firm value. The risk-free rate is 3% and the market risk premium is 5%.

1. What is the firm's levered beta?
2. what is the weighted average cost of capital?
3. what is the firm's value (in $ million)?