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A group of investors is Intent on purchssing a publicly traded compony snd wants to estimate the highest price they con reasonably justify poylng. The torget compony's equity bets is L 20 and its debt-to firm volue rotio, messured using market values, is 60 percent. The Investors plan to improve the target's cash flows and sell it for 12 times free cash flow in year five. Projected free cosh flaws snd seling price sre ss follows. To finonce the purchsse, the imvestors hove negototed o \\( \\$ 430 \\) million, five-yesr loon st 9 percent Interest to be repoid in five equol poyments st the end of esch yesr, plus interest on the declining bolance. This will be the anly interest-besring debt outstanding sfter the scoulation. a. Estimste the torget firm's asset beto. Note: Round your answer to 2 declmel places. b. Estimate the torget's unlevered, or al-equity, cost of capltal \\( \\left(K_{A}\ ight) \\). Note: Round your answer to 1 decimal place c. Estimate the torget's sllequity present volue. Note: Enter your answer in millons rounded to 2 declmal places. d. Estimate the present volue of the interest tox shields on the scculaition debt discounted ot \\( K_{A} \\). Note: Round Intermediate calculations to 2 decimal places. Enter your answer lin millions rounded to 2 decimal places

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