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Calculate unlevered cost of equity

Please could you assist me with the following question?

Question: Company X has a cost of equity of 10%, 25% of its financing is in the form of 6% debt, the rest is shareholder's equity. Assume that the tax rate is 10%.

We are given further info i.e.

Free cash flow

Year 1 = $20mio

Year 2 = $40mio

Year 3 = $50mio

Interest expense

Year 1 = $56mio

Year 2 = $48mio

Year 3 = $44mio

After Year 3, the cash flows are expected to grow at a constant rate of 5%. At this time, the capital structure will stabilize at 40% debt with an interest rate of 7%

Please could you provide me with hints to calculate Company X's...

- unlevered cost of equity

- levered cost of equity and cost of capital for the post horizon period

- using the adjusted present value approach, what is the value of operations to company X?

>> No other info is given e.g. risk free rate, risk premium..

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## Q : Determine the annuity of the project selected

Make the same assumptions in part b. Use the equivalent annual method to determine the annuity of the project selected.