Optimal Capital Structure with Hamsds Beckman Engineering and Associates (BEA) is considering a change in its capital structure. BEA currently has $20 miltion in debt carrying a rate of 72W, and its stock price is $40 per share with 2 milion shares outstanding. BEA is a zero growth firm and pays out all of its eamings as dividends. The firm's EBrT is $12.913 milion, and it faces a 40% federal-plus-state tax rate. The market risk premium is 5%, and the risk-free rate is 4%. BEA is considering increasing its debt level to a capitel structure with 30% dobt, based on market values, and repurchasing shares with the extra money that it borrows. BEA will have to retire the old debt in crder to issue new debt, and the rate on the new debt will be 8%. BEA has a beta of 1.2 . a. What is BEA's unlevered beta? Use market value D/S (which is the same as wa/Ws) when unlevering. Round your answer to two decimal places. b. What are BEA's new beta and cost of equity if it has 30% debt? Do not round intermediate calculations. Round your answers to two decirnal places. Beta Cost of equity c. What are BEAs WACC and total value of the firm with 30% debt? Do not round intermediate calculotions. Round your answer to two decimal ploces: What is the total value of the firm with 30% debt? Do not round intermediate calculations, Enter your answer in millions. For example, an answer of 512 milion should be entered as 1.2 , not 1,200,000. Round your answer to three decimal places. 13 million