Dptimal Capital Structure with Hamada Beckman Engineering and Associates (BEA) is considering a change in its capital structure. BEA currently has $20 million in debe carrying a rate of 6%, and its stock price i $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 $17 million, and it faces a 25% federal-plus.state tax rate. The market risk premium is 6%, and the risk.free rate is 7%. BEA is considering increasing its debt level to a capital structure with 40%.debt, based on market values, and repurchasing shares with the extra money that it bortows. BEA will have to retire the old debt in order to issue new debt, and the rate on the new debt will be 13\%. BEA has a beta of 1.1. a. What is BEA's unlevered beta? Use market value D/S (which is the same as wa/ws) when unilevering. Do not round intermediate calculationis. Round your answer to two decimal olaces. b. What are BEA's new beta and cost of equity if it has 40% debt? Do not round intermediate calculations. Plound your answers to two decimal places. Beta: Cost of equity: \%) c. What is BEA's WAOC with 40% debt? Do not round intermediate calculations. Round your answer to two decimal places. What is the total value of the firm with 40% debt? Do not round intermediate cakulations. Enter your answer in miliions. For example, an answer of $1.234 million should be entered as 1.234, not 1,234,000. Round your answer to three decimal places: 5 rwilion