Use the following information about HCB Inc. for the next 6 questions. HCB has no non-operating assets. Projected Year Now 1 2 Debt 20 30 35 FCF 5 7 10 Interest rate on debt 6% Tax rate 40% (levered cost of equity) 10% Tu (Unlevered cost of equity) 9% WACC 8% Growth rate 4% 4. Calculate the value of equity using the APV Model. a. $153.01 b. $160.66 C. $168.69 d. $177.13 e. $185.98 Use the following information about HCB Inc. for the next 6 questions. HCB has no non-operating assets. Projected Year Now 1 2 Debt 20 30 35 FCF 5 7 10 Interest rate on debt 6% Tax rate 40% (levered cost of equity) 10% Tu (Unlevered cost of equity) 9% WACC 8% Growth rate 4% 4. Calculate the value of equity using the APV Model. a. $153.01 b. $160.66 C. $168.69 d. $177.13 e. $185.98