The balance sheet and some other information for Meig Inc. is provided below. - Meigs Inc's noncallable $1,000 par value, 30-year, 6.25% bonds with semiannual payments are selling for $1,150. - The furm's tax rate is 35%. - Valueline reports Meig's beta estimate as 1.14. - A proxy for the risk-free rate is the 10-year Treasury of 3.00%. - The required return on the stock market is 11.50%. - Meig Inc just paid a dividend of \$212. Meig has a long record of paying dividends, of which have been growing at a fairly constani, rate of 6% over the last 20 years. It is expected that dividends will continue to grow as they have historically. - Meig's stock presently sells for $20. The balance sheet and some other information for Meig Inc. is provided below. - Meigs Inc's noncallable $1,000 par value, 30-year, 6.25% bonds with semiannual payments are selling for $1,150. - The furm's tax rate is 35%. - Valueline reports Meig's beta estimate as 1.14. - A proxy for the risk-free rate is the 10-year Treasury of 3.00%. - The required return on the stock market is 11.50%. - Meig Inc just paid a dividend of \$212. Meig has a long record of paying dividends, of which have been growing at a fairly constani, rate of 6% over the last 20 years. It is expected that dividends will continue to grow as they have historically. - Meig's stock presently sells for $20