Quantitative Problem: Currently, Meyers Manufacturing Enterprises (MME) has a capital structure consisting of 35% debt and 65% equity. MME's debt currently has a 6.9% yield to maturity. The risk-free rate (rar) is 4.9%, and the market risk premium (n-TRF) is 5.9%. Using the CAPM, MME estimates that its cost of equity is currently 10.1%. The company has a 40% tax rate. a. What is MME's current WACC? Round your answer to 2 decimal places. Do not round intermediate calculations. 8.0 Hide Feedback Correct Check My Work Feedback Refer back to the WACC equation to determine data needed to solve it. Realize that the debt's yield to maturity is rd in the WACC equation. Don't forget to tax adjust the cost of debt in the WACC equation for the tax deductibility of interest. b. What is the current beta on MME's common stock? Round your answer to 4 decimal places. Do not round intermediate calculations. 170.35 Hide Feedback Incorrect Check My Work Feedback Refer back to the CAPM equation to determine data needed to solve it. Realize that all data has been given in the problem except for the beta that the question asks you to calculate. Be careful about mathematical order of operations. c. What would MME's beta be if the company had no debt in its capital structure? (That is, what is MME's unlevered beta, bu?) Round your answer to 4 decimal places. Do not round intermediate calculations. 128.75