Please provide step by step solution and explanation.

ABC Corp shares are currently trading at $69.25 each. The yield on the company's debt is 4% and the firm's beta is 0.25. The T-Bill rate is 4% and the expected return on the market (E (kM)) is 11%. The company's target capital structure is 20% debt and 80% equity.The company pays a combined income tax rate of 20%.The GST rate is 13%.What is ABC's cost of equity? Show your work and provide a statement clearly indicating your answer.

(b)Using the information outlined above, calculate ABC's cost of debt (after tax).Show your work and provide a statement clearly indicating your answer.

(c)What is ABC's weighted average cost of capital?Show your work and provide a statement clearly indicating your answer.

ABC's key rival, Neil Corp has a 7 percent preferred stock outstanding that is currently selling for $48 a share. The preferred stock has a $100 par value. The market rate of return is 10 percent and the firm's tax rate is 34 percent.GST is 13%.What is Neil Corp's cost of preferred stock? Show your work and provide a statement clearly indicating your answer