Hey im having troubles with this problem. can someone show me A through C with work shown so i can understand how it was done. 12

Colt Systems will have EBIT this coming year of $21 million. It will also spend $8 million on total capital expenditures and increases in net working capital, and have $3.76 million in depreciation expenses. Colt is currently an all-equity firm with a corporate tax rate of 21% and a cost of capital of 12%. a. If Colt's free cash flows are expected to grow by 8.1% per year, what is the market value of its equity today? b. If the interest rate on its debt is 10%, how much can Colt borrow now and still have non-negative net income this coming year? c. Is there a tax incentive today for Colt to choose a debt-to-value ratio that exceeds 50% ? Explain. a. If Colt's free cash flows are expected to grow by 8.1% per year. what is the market value of its equity today? If Coll's free cash flows are expected to grow by 8.1% per year, the marketvalue is $ million. (Round to one decimal place.) b. If the interst rate on its debt is 10%, how much can Coll borrow now and still have non-negative net income this coming year? If the interest rate on its debt is 10%, Colt can borrow 5 million, (Round to one decimal place) c. Is there a tax incentive today for Colt to choose a debt to-value ratio that exceeds 50% ? Explain. The most they could borrow is $ million; interest tax shield from borrowirg more