Consider Table I. Suppose Multicountry PLC has an equity cost of capital of 10%, market capitalization of $10.8 billion, and an enterprise value of $14.4 billion. Suppose Multicountry PLC has debt cost of capital of 61% and its marginal tax rate is 35%. Project free cash flows given by 2. Table 1 Y ear 100 50 FCF 100 70 Also, in years 1, 2, and 3, interest tax shields are 0.99, 0.81, and 0.34, respectively (a) What is Multicountry PLC's WACC? (b) If Multicountry PLC maintains a constant debt-equity ratio, what is the value of a project with average risk? (c) What are Multicountry PLC's unlevered cost of capital and the unlevered value of the project? (d) Show that the APV of Multicountry PLC's project matches the value computed using the WACC method. Consider Table I. Suppose Multicountry PLC has an equity cost of capital of 10%, market capitalization of $10.8 billion, and an enterprise value of $14.4 billion. Suppose Multicountry PLC has debt cost of capital of 61% and its marginal tax rate is 35%. Project free cash flows given by 2. Table 1 Y ear 100 50 FCF 100 70 Also, in years 1, 2, and 3, interest tax shields are 0.99, 0.81, and 0.34, respectively (a) What is Multicountry PLC's WACC? (b) If Multicountry PLC maintains a constant debt-equity ratio, what is the value of a project with average risk? (c) What are Multicountry PLC's unlevered cost of capital and the unlevered value of the project? (d) Show that the APV of Multicountry PLC's project matches the value computed using the WACC method