please provide workings, no excel work. thank you

Problem 1 (23 marks) The Teenie Tiny Company is currently an un-levered firm with a beta of 1.3925. Since this is a start-up company with significant impact on the social well-being of the country, the firm was given a tax- exempt status for the first five years of operation. In the market, you observe that the latest Government of Canada T-bill issue is yielding 3% and the market risk premium is 8%. EBIT is $800,000. e) If the firm issues $2,000,000 in debt, calculate the total value of the firm, cost of equity, and the WACC (8 marks) f) Graph the results of your calculations. (2 marks) Government of Canada 1-bill iss yielding 3% ano 1. Assume that there is no cost for the risk of default (all debt will be issued with a 5% coupon interest rate. a) Calculate the required rate of return for the un-levered firm. (2 marks) = 3%+(1.3925*8%) = 14.14% b) Calculate the market value of the firm using proposition I. (2 marks) =$800,000/14.14% =$5,657,708.63 c) Calculate the WACC for the firm using proposition 11. (1 mark) Since there is no debt, hence WACC is equal to required rate of equity, that is 14.14% d) If the firm issues $750,000 in debt, calculate the total value of the firm, cost of equity, and the WACC (8 marks) Value of firm (V)= $5,657,708.63 Value of debt (D)= $750,000 Value of equity (E)= ($5,657,708.63-$750,000) =$4,907,708.63 D/E=$750,000/4,907,708.63=0.153 Cost of levered equity=Cost of Unlevered equity+D/E*(Cost of Unlevered equity-Cost of debt) =14.14%+0.153(14.14%-5%) =15.54% D/E=$750,000/4,907,708.63=0.153 Cost of levered equity=Cost of Unlevered equity+D/E*(Cost of Unlevered equity-Cost of debt) =14.14%+0.153(14.14%-5%) =15.54% ii)WACC=Cost of equity*E/L+Cost of debt*D/L =15.54%*($4,907,708.63/$5,657,708.63)+5%*($750,000/$5,657,708.63) =14.14% iii)Value of firm=EBIT/WACC =$800,000/14.14% =$5,657,708.63 e) If the firm issues $2,000,000 in debt, calculate the total value of the firm, cost of equity, WACC (8 marks) f) Graph the results of your calculations. (2 marks)