please note this is not a calculation question but a theory one, the tables below needs interpretations as a report pls, Pls help

Question 4 [10 Marks] Tiger Company Limited's total assets are valued at $3,000,000 and currently 20% is financed by debt while 80% is from equity. The company hired a financial consultant to determine the optimal debt to equity proportion. The consultant used the following information to carry out optimal capital structure. DebiTotal Assets (%) 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70% 80% 3,000,000 2,700,000 2.400,000 2,100,000 1,800,000 1,500,000 1,200,000 900,000 600,000 Equity ($) Debt ($) 300,000 600,000 900,000 1,200,000 1,500,000 1,800,000 2,100,000 2.400.000 40.000 30,000 20.000 100,000 90,000 80,000 70.000 60,000 50,000 0.0% 6.0% 6.0% 7.0% 8.0% 9.0% 10.0% 12.0% 14.0% 1.40 1.50 1.60 1.70 1.80 1.90 2.00 2.20 2.30 EBIT Projections EBITIS) $100,000 $400,000 $800,000 Probability 30% 45% 25% No. of Shares Interest (%pa) Beta Other Information Market Price of Share Dividend Payout Tax Rate Risk Free Average Market Rate $30.00 100% 20% 4% 13% After analysing, the consultant provided the summary analysis. Expected Coefficient of Est. Beta Price of Price of WACC (%) Debt: Total Assets (%) Expected SD of EPS ($) Expected Variance Retn (%) Equity ($) Equity (times) EPS 19.76 6.02 16.60% 0% $3.28 $2.07 16.60% 0.63 1.40 16.15% 10% 20.06 5.71 0.65 $3.51 $2.30 17.50% 1.50 20% $3.74 $2.59 1.60 15.68% 0.69 18.40% 20.33 5.43 30% $3.97 $2.96 0.75 1.70 19.30% 20.55 5.18 15.19% 40% $4.19 $3.45 0.82 1.80 20.20% 20.73 4.95 14.68% 50% $4.40 $4.14 0.94 1.90 21.10% 20.85 4.74 14.15% -60% $4.60 $5.17 1.12 2.00 22.00% 20.91 4.55 13.60% 70% $4.21 $6.90 1.64 2.20 23.80% 17.70 4.20 13.86% 80% $2.96 $10.35 3.50 2.30 24.70% 11.98 4.05 13.90% Required a) Based on the summary analysis provided by the consultants, prepare the management report (Note: Your recommendation should highlight the optimal capital structure for Tiger Company Limited). (5 Marks) b) With reference to capital structure, explain why organisations may not wish to operate at optimal level? (5 Marks) Question 4 [10 Marks] Tiger Company Limited's total assets are valued at $3,000,000 and currently 20% is financed by debt while 80% is from equity. The company hired a financial consultant to determine the optimal debt to equity proportion. The consultant used the following information to carry out optimal capital structure. DebiTotal Assets (%) 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70% 80% 3,000,000 2,700,000 2.400,000 2,100,000 1,800,000 1,500,000 1,200,000 900,000 600,000 Equity ($) Debt ($) 300,000 600,000 900,000 1,200,000 1,500,000 1,800,000 2,100,000 2.400.000 40.000 30,000 20.000 100,000 90,000 80,000 70.000 60,000 50,000 0.0% 6.0% 6.0% 7.0% 8.0% 9.0% 10.0% 12.0% 14.0% 1.40 1.50 1.60 1.70 1.80 1.90 2.00 2.20 2.30 EBIT Projections EBITIS) $100,000 $400,000 $800,000 Probability 30% 45% 25% No. of Shares Interest (%pa) Beta Other Information Market Price of Share Dividend Payout Tax Rate Risk Free Average Market Rate $30.00 100% 20% 4% 13% After analysing, the consultant provided the summary analysis. Expected Coefficient of Est. Beta Price of Price of WACC (%) Debt: Total Assets (%) Expected SD of EPS ($) Expected Variance Retn (%) Equity ($) Equity (times) EPS 19.76 6.02 16.60% 0% $3.28 $2.07 16.60% 0.63 1.40 16.15% 10% 20.06 5.71 0.65 $3.51 $2.30 17.50% 1.50 20% $3.74 $2.59 1.60 15.68% 0.69 18.40% 20.33 5.43 30% $3.97 $2.96 0.75 1.70 19.30% 20.55 5.18 15.19% 40% $4.19 $3.45 0.82 1.80 20.20% 20.73 4.95 14.68% 50% $4.40 $4.14 0.94 1.90 21.10% 20.85 4.74 14.15% -60% $4.60 $5.17 1.12 2.00 22.00% 20.91 4.55 13.60% 70% $4.21 $6.90 1.64 2.20 23.80% 17.70 4.20 13.86% 80% $2.96 $10.35 3.50 2.30 24.70% 11.98 4.05 13.90% Required a) Based on the summary analysis provided by the consultants, prepare the management report (Note: Your recommendation should highlight the optimal capital structure for Tiger Company Limited). (5 Marks) b) With reference to capital structure, explain why organisations may not wish to operate at optimal level