Bird Enterprise is considering to adjust its capital structure. Currently, it has a total value of 50 million. It has no debt but can borrow at 5%. The firm's current cost of equity is currently 11% For a) - c), assume there is no corporate tax and Bird Enterprise raises 20 million debt to repurchase equity. After this capital restructuring, a) What is the total value of the firm? b) What is the WACC? c) What is the debt-to-equity ratio? d) What is the cost of equity? For e)-f), assume the corporate tax rate is 30% and Bird Enterprise raises 20 debt to repurchase equity. e) What is the total value of the firm after this capital restructuring? f Bird Enterprise's CFO argues that since such capital restructuring increases firm's total value, the firm should use a financial leverage as high as possible (i.e., issue more debt). Do you agree? Why?