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Pette Printing Company has a total market value of $100 mullion, consisting of 1 malion shares selling for $50 per stuare and $50 millian of

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Pette Printing Company has a total market value of $100 mullion, consisting of 1 malion shares selling for $50 per stuare and $50 millian of 10%6 perpetual bonds now sell at pat, The compary's EDIT is \$14,74 million, and its tax rate is 25%. Pettot can change its capital structure by either increasing its debt to fists (based on market value decreasing it to 35\%. If it decides to uncrease its use of leverage, it must call its old bonds and bsue new ones with a 11% coupen. If it decides to decrease its leverage, will call its old bonds and replace thern with new 9% coupon bonds. The company will sell or repurchase stock at the new equibrium price to complete the capital sruct change. The firm pays out all earnings as dividends; hence, its stock is a tero growth stock. Its current cost of equity, Ts, is 14\%. If it increases levernge, ro will be 16%. If it. decreases leverage, is will be 13% Present situation (50\% debt): What is the firm's WACC? Do not round intermediate caloulations. Round your answer to three decimal ploces. What is the total corporate valuet Enter your answers in millons. For example, an answer of 510,550,000 should be entered as 10,55. Do not round intermediate cakculations. Round your answer to three decimal places. 5 milion What is the firm's WACC? Do not tound intermediate calculations. Round your answer to two decimal places. What is the total corporate value? Enter yout answers in mallions, For example, an anawer of $10,550,000 should be entered as 10.55 . Do not round intermediate calculations. Round your answer to three decimal places. miltion 35% debt: Whot is the firm's WACC? Do not round interredediate calculations. Round your answer to two decimal places. \%. What is the total corporate value? Enter your answers in millions. For example, an answer of 510,550,000 should be entered as 10.55. Do not round intermedate calculations. Round your answer to three decimal ploces. \$. milion

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