You were hired as a consultant to value Apex Company, whose target capital structure is 40% debt, and 60% common equity. The after-tax cost of debt is 6%, and the cost of equity is 10%. Assume you expect the EBIT for Apex in the current year to be $500 million. Also, assume that the EBIT will grow by 3% per year starting next year. Apex does not have any depreciation, CAPEX, or change in NWC. Assume tax rate is 30%. What is its WACC? What is the present value of the firm