BEA currently has $20 million in debt carrying a rate of 6%, and its stock price is $40 per share with 2 million shares outstanding. BEA is a zero growth firm and pays out all of its earnings as dividends. The firm's EBIT is $14.545 million, and it faces a 30% federal-plus-state tax rate. The market risk premium is 6%, and the risk-free rate is 7%. with 35% debt, . BEA will have to retire the old debt in order to issue new debt, and the rate on the new debt will be 14%. BEA has a beta of 1.2.

What is unlevered beta before restructuring

What are new beta after releveraging and cost of equity if it has 35% debt

What is WACC after releveraging?

What is the total value of the firm with 35 % debt?