Optimal Capital structure with Hamada Beckman Engineering and Associates (BEA) is considering a change in its copital structure. BEA currently has $20 million in debt carrying a rate of 6%, and its stock price is $40 Der thare with 2 milion sheres outstanding. BEA is a zero-growth firm and poys cout all of its earnings as dividends. The firm's Eart is $14 million, and it faces a 25% freseral-plus-state tax rate. The market risk premium is 4%, and the risk-free rate is 6%. AEA is considering increasing its debt level to o capital structure with 50% debt, bosed en market values, and repurthesing thares with the extra meney 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 11 . a. What is aEA's unievered beta? Use market value D/S (which is the same as wadws) when unlevering. Do not round intermediate calculations. Round your answer to two decimal places. b. What are aEA's new beta and cost of equity if it has so\% debt? Do not round intermediate calculations. Alound your answers to hwo decimal places. fleta: Cost of equityi What is BEA's WACC with 50\% debt? Do not round intermediate calculations. Round your answer to two decimal places. What is the total value of the firm with 50% debt? Do not round intermodiate calculations, Enter your answer in millions. For example, an answer of $1.234 malicon shoud be entered as 1.234, not 1,234,000. Round your anawer to three decimal places