Please answer $a,b,c$ based $on$ information $in$ Figure $1.$

$(a)$ Calculate the Weighted Average Cost $of$ Capital $if$ tax rate $is20\%.$

$(b)$ Use the Enterprise $DCF$ method $to$ evaluate the value $of$

operations.

$(c)$ How does risk affect value creation? Could financial engineering

and $,or$ hedging, contribute $toit?$