The following information is given for 3 companies that are identical except for their capital structureOrangeGrapeAppleTotal Invested Capital 100,000100,000100,000Debt/Assets ratio0.80.50.2Shares outstanding6100830010,000Pretax and cost of debt16%13%15%Cost of equity26%22%20%Operating income (EBIT)250002500025000Net Income (PAT)897012,35014,950The tax rate is uniform i.e. 35% in all cases a.Compute the WACCb.Compute EVAc.Based on EVA which company would be considered for best investments? Given reasons d.If the industry PE Ratio is 11X estimatesthe price of the share of each company e.Calculatethe estimated market capitalization for each of the company