data and three part question attached,.

Here are book- and market-value balance sheets of the United Frypan Company: Book-value Balance Sheet Net working capital $ 30 Debt $ 80 Longterm assets '70 Equity 20 $ 100 $ 100 MarketValue Balance Sheet Net working capital $ 30 Debt $ 80 Longterm assets 170 Equity 120 $ 200 $ 200 Assume that MM's theory holds except for taxes. There is no growth, and the $80 of debt 'Is expected to be permanent. Assume a 32% corporate tax rate. Assume that MM's theory holds except for taxes. There is no growth, and the $80 of debt is expected to be permanent. Assume a 32% corporate tax rate. a. How much of the rm's market value is accounted for by the debt-generated tax shield? PV tax shield b. What is United Frypan's aftertax WACC if rue},t = 6.5% and rEquity = 16.5%? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) __I c. Now suppose that Congress passes a law that eliminates the deductibility of interest for tax purposes after a grace period of 5 years. What will be the new value of the firm, other things equal? Assume a borrowing rate of 6.5%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) New value of the rm