The ILC Company (ILC) is considering a capital restructuring to allow $500 million in debt. Currently, ILC is an all-equity firm with earnings before interest and taxes (EBIT) of $320 million. Assume unlevered firms in the same industry have betas of 0.95. You can assume this would be the beta for ILC, too (remember ILC currently is also unlevered). Assume the market risk premium is 5%. The risk free interest rate is 3%. Assume that the corporate tax rate is 35%. You may assume that all earnings are paid out as dividends, and that any future debt will be used to buy back equity. For simplicity, assume all cash flows are perpetual, and debt is perpetual. a. How would the proposed restructuring change the value of ILC as a whole? b. If ILC was considering issuing $3 billion in debt instead of $500 million, how would your assessment of the restructuring change? Explain in three sentences