Froblem $16-20$ MM Proposition I without Taxes Alpha Corporation and Beta Corporation are identical in every way except their capital structures. Alpha Corporation, an all$-$equity firm, has $13,000$ shares of stock outstanding, currently worth $\backslash (\backslash$$ $20\backslash )$ per share. Beta Corporation uses leverage in its capital structure. The market value of Beta's debt is $\backslash (\backslash$$ $63,000\backslash )$ and its cost of debt is $8$ percent. Each firm is expected to have earnings before interest of $\backslash (\backslash$$ $73,000\backslash )$ in perpetuity. Neither firm pays taxes. Assume that every investor can borrow at $8$ percent per year. a$.$ What is the value of Alpha Corporation? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$ b$.$ What is the value of Beta Corporation? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$ c$.$ What is the market value of Beta Corporation's equity? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$ d$.$ How much will it cost to purchase $25$ percent of each firm's equity? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$ Assuming each firm meets its earnings estimates, what will be the dollar return to each position in part $($d$)$ over the next year? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$