Use the below information to value the debt in a levered company with annual perpetual cash flows from assets that grow. The next cash flow will be generated in one year from now. Data on a Levered Firm with Perpetual Cash Flows Value Item full name Item abbreviation $10.6 Firm free cash flow (or Cash Flow from Assets) FFCF (millions) g 2% pa Growth rate of OFCF ro 3% pa Cost of debt TEL 7% pa DNL Cost of levered equity 40% pa Debt to assets ratio, where the asset value includes tax shields tc 30% Corporate tax rate The current value of debt is a. 124.71 b. 348.68 c. 139.47 d. 187.06 e. 145.63