The company had $20 million in sales last year. The cost of goods sold totaled $16 million, and depreciation was $2 million. The company has a 25-year loan for $3,000,000 with an APR of 8% based on semi-annual compounding. It has been paying monthly for 10 years. The required return on equity is 15%. The firm's marginal tax rate is 35% and this is expected to continue indefinitely. 1) Solve for the company's outstanding debt value, by calculating the book value of debt as the amount still owed on the bank loan. 2) Solve for the value of the unlevered firm? The levered firm