Check my work mode: This shows whet is correct or incorrect for the work you hove completed so far. It dees not indicate comProblem 18-4 WACCIf Smolinski, Incorporated, were an all-equity company, it would have a beta of 1.10. The company has a target debt-equily ratio of 75. The expected return on the market portfollo is 11 percent and Treasury bills currently yield 3.6 percent. The company has one bond issue outstanding that matures in 29 years, a par value of $2.000, and a coupon rate of 6.3 percent. The bond currently sells for $2,100. The corporate tax rate is 22 percent.B. What is the company'l cost of debt?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.-32.16.b. What is the company's cost of equily?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.32.16.c. What is the company's weighted average cost of capital?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.Answer is complete but not entirely correct.\table[[a. Cost of dethl,580 Q,%