I am having some difficulty with this question. Can you please help? Thank you!

Here are book and marketvalue balance sheets of the United Frypan Company: Book-Value Balance Sheet Networking capital $ 40 Debt :3 75 Long-term assets 60 Equity 25 Market-Value Balance Sheet Net working capital 35 40 Debt 3 75 Long-term assets 'E 65 Equity 130 $ 205 $ 205 Assume that MM's theory holds except for taxes. There is no growth, and the $75 of debt is expected to be permanent. Assume a 33% corporate tax rate. a. How much of the rm's market value is accounted for by the debtgenerated tax shield? b. What is United Frypan's after-tax WACC if rDebt = 6.4% and rgqujty = 16.6%? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimai pieces.) 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 rm, other things equal? Assume a borrowing rate of 6.4%. {Do not round intermediate calculations. Round your answer to 2 decimal ptaces.) Nae \(twe 0F war-L7