Use the below information to value the debt in a levered company with annual perpetual cash flows from assets that grow. The next cash flow will be generated in one year from now. Data on a Levered Firm with Perpetual Cash Flows Item Value Item full name abbreviation FFCF (millions) $10.6 Firm free cash flow (or Cash Flow from Assets) Growth rate of OFCF g 2% pa TD 3% pa Cost of debt TEL D/VL 7% pa Cost of levered equity 40% pa Debt to assets ratio, where the asset value includes tax shields to 30% Corporate tax rate The current value of debt is O a. 145.63 O b. 124.71 O c. 348.68 O d. 187.06 O e. 139.47