Seeking help in calculating the answer for problem B below. Thank you.

Colt Systems will have EBlT this coming yearof $18 million. it will also spend $5 million on total capital expenditures and increases in net working capital. and have 53 million in depreciation expenses. Colt is currently an allequity rm with a corporatetax rate of 35% and a cost of capital of 12%. a. If Colt's free cash ows are expected to grow by 10.5% per year. what is the market value of its equity today? b. If the interest rate on its debt is 10%, how much can Colt bonew now and still have nonnegative net income this coming year'? 0. Is there a tax incentive today for Colt to choose a debttowalue ratio that exceeds 33%? Explain. a. If Colt's free cash ows are expected to grow by 10.5% per year. what is the market value of its equity today? If Colt's free cash ows are expected to grow by 10.5% per year, the market value is S 846.? million. (Round to one decimal place.) in. If the interest rate on its debt is 10%, how much can Colt bum now and still have nonnegative net income this coming year? If the interest rate on its debt is 10%, Colt Iln bormw $:| million. (Round to one decimal place.)