'How do I find & replace file contents in PowerShell?

I need to find text in a file, like:

PolicyFile=$(SrcRoot)BeHttp

and replace it with this:

PolicyFile=$(SrcRoot)PPCore/BeHttp

So I wrote following script but it's not working.

Get-ChildItem 'D:\SomeFolder\\*.MKE' -Recurse | ForEach {
     (Get-Content $_ | ForEach  {   
       $_  -replace "PolicyFile=$(SrcRoot)BeHttp", "PolicyFile=$(SrcRoot)PPCore//BeHttp"
     }) | Set-Content $_
}

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'How do I find & replace file contents in PowerShell?

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