Please see below question

Exe Plc. is expected to generate (beforetax) cash of 1.5m by the end of the year on an asset base which comprises 51n of xed assets and 1111 of working capital. Depreciation is 10% of the xed asset base each year. It has a WACC of 8%. The rm has 25m of debt (book and market values are equal) outstanding at an interest rate of 6%. Cash taxes are payable at 30% of net prots. The rm can expand at 5% pa in perpetuity whilst maintaining returns to scale (\"replacement" of assets = \"depreciation\") if debt also increases at 5% pa. (a) What are the value of the rm and the value of the equity\"? (b) What is the cost of equity capital? (c) Assrune that the rm wishes to maintain leverage at a constant level and without issuing external new equity or grows at the sustainable growth rate. What will the dividend payout ratio need to be? ((1) Show that an identical answer using all four methods: DDM, FCF, RIVM and PIE