Question $1$:

A project costs $$379$ at t$=0$ and generates unlevered after$-$tax cash flows of $$50$ per year forever.$$ The project's unlevered cost of capital is $10\mathrm{.}5\%.$ The initial cost of the project is paid for with a combination of debt and equity.$$ Debt contributes $$77$ and will earn interest at $2\mathrm{.}0\%$ forever.$($The debt is perpetual, it never matures.$$ Assume the debt tax shield cash flows have the same risk profile as the debt cash flows.$$ The debt is fairly priced.$$ All of the project NPV accrues to the equity holders.$)$ The tax rate is $17\%.$

WHAT IS THE PRESENT VALUE OF THE DEBT TAX SHIELD? Give your answer in dollars to the nearest $$0\mathrm{.}1$ correct answer: $13\mathrm{.}1$

QUESTION $2$

A project costs $$320$ at t$=0$ and generates unlevered after$-$tax cash flows of $$45$ per year forever.$$ The project's unlevered cost of capital is $9\mathrm{.}1\%.$ The initial cost of the project is paid for with a combination of debt and equity.$$ Debt contributes $$90$ and will earn interest at $5\mathrm{.}1\%$ forever.$($The debt is perpetual, it never matures.$$ Assume the debt tax shield cash flows have the same risk profile as the debt cash flows.$$ The debt is fairly priced.$$ All of the project NPV accrues to the equity holders.$)$ The tax rate is $26\%.$ Correct answer: $46\mathrm{.}19$

What is the $($per year$)$ levered total project cash flow? $$Give your answer in dollars to the nearest $$0\mathrm{.}01.$ correct answer: $46\mathrm{.}19$