Optimal Capital Structure with Hamada Beckman Engineering and Associates (BEA) is considering a change in its capital structure. BEA currentiy has $20 million in debt carrying a rate of 7%, and stock price is $40 per share with 2 million shares outstanding. BEA is a zero growth firm and pays out all of its earnings as dividends. The firm's EBrT is $1 million, and it faces a 40% federal-plus-state tax rate. The market risk premium is 6%, and the risk-free rate is 4%. BEA. is considering increasing its debt i to a capital structure with 50% debt, based on market values, and repurchasing shares with the extra money that it borrows. BEA will have to retire the old debt in order to issue new debt; and the rate on the new debt will be 12%. BEA has a beta of 1.1. a. What is BEA's unlevered beta? Use market value D/5 (which is the same as wd/ws) when unlevering. Do not round intermediate calculations. Round your answer to two decimal places. b. What are BEA's new beta and cost of equity if it has 50% debt? Do not round intermediate calculations. Round your answers to two decimal places. Beta: Cost of equity: c. What are BEA's WACC and total value of the firm with 50% debt? Do not round intermediate calculations. Round your answer to two decimal places. What is the total value of the firm with 50% debt? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answer to three decimal places