You can see the exercise at the picture!

Let us assume that there are no taxes. Firm Alpha has no debt whatsoever and firm Beta has debt of 5,000 on which the applicable interest rate stands at 10%. Both companies have identical projects that generate free cash flows of 800 or 1,000 annu- ally. After paying interest on the debt, both companies use all remaining free cash flow to pay annual dividends. a) Please complete the below table featuring the payments of debt and equity holders of each firm can expect to receive considering the two possible levels of cash flows! 800 b) Now assume you held 10% of the equity on firm Alpha. Please determine another portfolio you could hold that would provide the same cash flows! c) Suppose you own 10% of the equity of firm Beta. if you could borrow at 10%, what is an alternative strategy that would provide the same cash flows