UNLEV has an expected perpetual EBIT=$4,000. The unlevered cost of capital=15% and there are 20,000 shares of stock outstanding. The firm is considering issuing $8,800 in new par bonds to add financial leverage to the firm. The proceeds of the debt issue will be used to repurchase equity. The cost of debt=10% and the tax rate=34%. There are no flotation costs. a. What is the value of UNLEV before the restructuring? (3 marks) b. What is the value of UNLEV after the restructuring? (3 marks) c. What is the value of UNLEV's equity after the restructuring? (2.5 marks) d. What is UNLEV's cost of equity after the restructuring? (2.5 marks) e. What is the EPS under the unlevered capital structure? The EPS under the levered capital structure? How does leverage affect your shareholders earnings? Explain. (4 marks)