i need the answer to b and c please

Here are book-and market value balance sheets of the United Frypan Company (figures in $ millions Book-Value Balance Sheet Net working capital $ 45 Debt Long-term assets 55 Equity $ 100 $ 65 35 $ 100 Market-Value Balance Sheet Net working capital $ 45 Debt Long-term assets 190 Equity $ 235 s 65 170 $ 235 Assume that MM's theory holds except for taxes. There is no growth, and the $65 of debt is expected to be permanent. Assume a 21% corporate tax rate. a. How much of the firm's market value is accounted for by the debt-generated tax shield? (Enter your answer in million rounded to 2 decimal places.) b. What is United Frypan's after-tax WACC if Debt = 7.5% and requity = 15.5%? (Do not round Intermediate calculations, Enter your answer as a percent rounded to 2 decimal places.) 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 7.5%. (Do not round intermediate calculations. Enter your answer in million rounded to 2 decimal places.) $ 13.65 million % b. PV tax shield WACC New value of the firm million C