Here is Establishment Industries’ market-value balance sheet (Figures in millions)

. 09px,=”” 12px=””>Here is Establishment Industries’ market-value balance sheet (Figures in millions): . 09px,=”” 12px=””>Net working capital$700 Debt$1,080Long-term assets2,600 Equity2,220 Value of firm$3,300 $3,300 The debt is yielding 6. 4%, and the cost of equity is 14. 6%. The tax rate is 32%. Investors expect this level of debt to be permanent. What is Establishment’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. )WACC?How would the market-value balance sheet change if Establishment retired all its debt? (Leave no cells blank – be certain to enter “0” wherever required. Do not round intermediate calculations. Round your answers to 1 decimal place. )New Market-Value Balance Sheetfigures in millions) Net working capital $ Debt $ Long-term assets Equity Value of firm $ Total $