Optimal Capital Structure with Hamada Beckman Engineering and Associates (BEA) is considering a change in its capital structure. BEA currently has $20 million in debt carrying a rate of %, 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 $14.775 million, and it faces a 304 federal-plus-state tax rate. The market risk premium is 5%, and the risk-free rate is 6%. BEA is considering increasing its debt level to a capital structure with 30% debt, based on market valans, and repurchasing shares with the extra money that it borrows. BEA will have to retire the old debt in order to issue new debt, and the rate on the new debt will be 9. BEA has a beta of 0.9. 2. What is BEA's unlevered bota? Use market value D/s (which is the same as wa/w.) when unlevering. Do not round Intermediate caleulations, Round your answer to two decimal places b. What are BEA's new bets and cost of equity if it has 30% debt? Do not round intermediate calculations, Round your answers to two decimal places, Beta: Cost of equity - What are bea wace and total value of the firm with 30% debt? Do not round Intermediate calculations. Round your answer to two decimal places What is the total value of the firm with 30% debt? Enter your answers in millions. For example, an answer of $10,550,000 should be entered on 10.55. Do not round Intermediate calculations. Round your answer to three decimal places million $ Check My Work (emaining)