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 8% million, and it faces a 40% federal-plus-state tax rate. The market risk premium is 6%, and the risk-free rate is 5%. BEA is considering increasing debt in order to issue new debt, and the rate on the new debt will be 12%. BEA has a beta of 1.2. a. What is BEA's unlevered beta? Use market value D/S (which is the same as wd/ws ) when unlevering. Do not round intermediate calculations. Round your answer to two decimal places. b. What are BEA's new beta and cost of equity if it has 45% debt? Do not round intermediate calculations. Round your answers to two decimal places. Beta: Cost of equity: % c. What are BEA's WACC and total value of the firm with 45% debt? Do not round intermediate calculations. Round your answer to two decimal places. % What is the total value of the firm with 45% debt? Enter your answers in millions. For example, an answer of $10,550,000 should be entered 10.55. Do not round intermediate calculations. Round your answer to three decimal places. $ million