Use the information for the question(s) below. Shepard Industries expects free cash flow of $10 million each year. Shepard's corporate tax rate is 21%, and its unlevered cost of equity is 10%. The firm also has outstanding debt of $40 million and it expects to maintain amount of debt permanently. 17) 17) The value of Shepard Industries with leverage is closest to: A) $100 million. B) $135 million. C) $108.4 million. D) $64 million. IT