Quantitative Problem: Currently, Meyers Manufacturing Enterpeises (MME) has a capital structure consisting of 35% debt and 65% equity, MMe's debt currently has a 7.4% yleid to maturity. The risk-free rate (ny) is 5.4%, and the market risk premium (nm) is 6.4%. Using the CAPM, MME estimates that its cost of equity is currently 11.5%. The company has a 40% tax rate. 2. What is MME's current WACC? Do not round intermediate calculations. Round your answer to two decimal places: b. What is the current beta on MMEs common stock? Do not round intermediate calculations, Round your answer to four decimal places. c. What would MME's beta be if the company had no debt in its capital structure? (That is, what is MME's unievered beta, bun Do not round intermediate calculations: Round your answer to four decimal places. MMEs finandal staif is considering changing its capital structure to 4546 debt and 55% equity. If the company hent ahead with the proposed chango, the yieid to moturity on the company's bonds would rise to 7.9%. The proposed change will have no effect on the company's tax rote. d. What would bet the company's new cost of equity if it adopted the proposed change in capital structure? Do not round intermediate calkulations. Round your anuwer to two decimal pleces. e. What would be the company's new WhCC if it adopted the proposed change in capital structure? Do not round intermediate calcutations. Round your answer to two decimal pleces. t. Based on your answer to Part 6 , would you advise MME to adopt the proposed change in captal structure