Here is Establishment Industries market-value balance sheet (Figures in millions): Net working capital $ 700 Debt $ 1,050 Long-term assets 2,500 Equity 2,150 Value of firm $ 3,200 $ 3,200 Here is Establishment Industries market-value balance sheet (Figures in millions): Net working capital $ 700 Debt $ 1,050 Long-term assets 2,500 Equity 2,150 Value of firm $ 3,200 The debt is yielding 6.5%, and the cost of equity is 14.5%. The tax rate is 31%. Investors expect this level of debt to be permanent. What is Establishments WACC? How would the market-value balance sheet change if Establishment retired all its debt? Net working capital $ Debt $ Long-term assets $ Equity $ Value of firm $ Total $