The firm’s WACC is currently 14 percent, and there is no corporate tax.

.Malkin Corp. has no debt but can borrow at 7.75 percent. The firm’s WACC is currently 14 percent, and there is no corporate tax. The firm’s WACC is currently 14 percent, and there is no corporate tax.Required:(a)What is Malkin’s cost of equity?Cost of equity%(b)If the firm converts to 25 percent debt, what will its cost of equity be? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)Cost of equity%(c)If the firm converts to 60 percent debt, what will its cost of equity be? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)Cost of equity%(d)What is Malkin’s WACC in part (b) and (c)? (Do not round intermediate calculations. Enter your answers as a percentage rounded to the nearest whole number (e.g., 32).)WACC25 percent%60 percent%