I need help with problem 1c

1. Consider the following share repurchase proposal: BL will use $209 million of cash from its balance sheet and $50 million in new debt-bearing interest at the rate of 6.75% to repurchase 14.0 million shares at a price of $18.50 per share. (a) First, consider the initial statements (before the proposal in 2006). What is the book value of Equity? abers in thousands. Now, present the new statement including the proposal Numbers in thousandu And the Income Statement Interest Rate 6, 75\% taxes = (b) The influencer Damodaran collects data on interest coverage ratio. Is the ratio for Blaine good? (c) What if the annual tax savings were a perpetuity starting next year? What is the value of capitalized tax savings? 1. Consider the following share repurchase proposal: BL will use $209 million of cash from its balance sheet and $50 million in new debt-bearing interest at the rate of 6.75% to repurchase 14.0 million shares at a price of $18.50 per share. (a) First, consider the initial statements (before the proposal in 2006). What is the book value of Equity? abers in thousands. Now, present the new statement including the proposal Numbers in thousandu And the Income Statement Interest Rate 6, 75\% taxes = (b) The influencer Damodaran collects data on interest coverage ratio. Is the ratio for Blaine good? (c) What if the annual tax savings were a perpetuity starting next year? What is the value of capitalized tax savings