(Please shoe work for c, d, and e. Thank you) Currently, Meyers Manufacturing Enterprises (MME) has...

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(Please shoe work for c, d, and e. Thank you)
Currently, Meyers Manufacturing Enterprises (MME) has a capitalstructure consisting of 35% debt and 65% equity. MME's debtcurrently has a 6.5% yield to maturity. The risk-free rate (rRF) is4.5%, and the market risk premium (rM – rRF) is 5.5%. Using theCAPM, MME estimates that its cost of equity is currently 10.7%. Thecompany has a 40% tax rate.
a. What is MME's current WACC? 8.32 %
b.What is the current beta on MME's common stock? 1.1273
c. What would MME's beta be if the company had no debt in itscapital structure? (That is, what is MME's unlevered beta,b_U?) Round your answer to 4 decimal places. Do not roundintermediate calculations.
d. MME's financial staff is considering changing its capitalstructure to 45% debt and 55% equity. If the company went aheadwith the proposed change, the yield to maturity on the company'sbonds would rise to 7%. The proposed change will have no effect onthe company's tax rate.
What would be the company's new cost of equity if it adopted theproposed change in capital structure? Round your answer to 2decimal places. Do not round intermediate calculations.
e. What would be the company's new WACC if it adopted theproposed change in capital structure? Round your answer to 2decimal places. Do not round intermediate calculations.

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(Please shoe work for c, d, and e. Thank you)Currently, Meyers Manufacturing Enterprises (MME) has a capitalstructure consisting of 35% debt and 65% equity. MME's debtcurrently has a 6.5% yield to maturity. The risk-free rate (rRF) is4.5%, and the market risk premium (rM – rRF) is 5.5%. Using theCAPM, MME estimates that its cost of equity is currently 10.7%. Thecompany has a 40% tax rate.a. What is MME's current WACC? 8.32 %b.What is the current beta on MME's common stock? 1.1273c. What would MME's beta be if the company had no debt in itscapital structure? (That is, what is MME's unlevered beta,bU?) Round your answer to 4 decimal places. Do not roundintermediate calculations.d. MME's financial staff is considering changing its capitalstructure to 45% debt and 55% equity. If the company went aheadwith the proposed change, the yield to maturity on the company'sbonds would rise to 7%. The proposed change will have no effect onthe company's tax rate.What would be the company's new cost of equity if it adopted theproposed change in capital structure? Round your answer to 2decimal places. Do not round intermediate calculations.e. What would be the company's new WACC if it adopted theproposed change in capital structure? Round your answer to 2decimal places. Do not round intermediate calculations.