I need Urgent on the correct way to solve this, step by step process. The answers...

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I need Urgent on the correct way to solve this, step by stepprocess. The answers are 7.62, 7.62,6.92,20% and 7.41. PleaseHELP!!!
Hula Enterprises is considering a new project to produce solarwater heaters. The finance manager wishes to find an appropriaterisk adjusted discount rate for the project. The (equity) beta ofHot Water, a firm currently producing solar water heaters, is 1.1.Hot Water has a debt to total value ratio of 0.3. The expectedreturn on the market is 0.09, and the riskfree rate is 0.03.Suppose the corporate tax rate is 35 percent. Assume that debt isriskless throughout this problem. (Round your answers to 2 decimalplaces. (e.g., 0.16)) a. The expected return on the unleveredequity (return on asset, R0) for the solar water heater projectis %. b. If Hula is an equity financed firm, the weighted averagecost of capital for the project is _%. c. If Hula has a debt toequity ratio of 2, the weighted average cost of capital for theproject is _%. d. The finance manager believes that the solarwater heater project can support 20 cents of debt for every dollarof asset value, i.e., the debt capacity is 20 cents for everydollar of asset value. Hence she is not sure that the debt toequity ratio of 2 used in the weighted average cost of capitalcalculation is valid. Based on her belief, the appropriate debtratio to use is _%. The weighted average cost of capital that youwill arrive at with this capital structure is___ %.

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a The solar water heater projects return on unlevered equity will be equal to the unlevered cost of capital of Hot Water as this firm is purely in the solar water heater business thereby possessing business risk that is standard for the solar water heater business Such standard business risk would require all firms in this business to have an equal unlevered return on equitycost of capital Expected Market Return 009 Rm 9 and RiskFree See Answer

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I need Urgent on the correct way to solve this, step by stepprocess. The answers are 7.62, 7.62,6.92,20% and 7.41. PleaseHELP!!!Hula Enterprises is considering a new project to produce solarwater heaters. The finance manager wishes to find an appropriaterisk adjusted discount rate for the project. The (equity) beta ofHot Water, a firm currently producing solar water heaters, is 1.1.Hot Water has a debt to total value ratio of 0.3. The expectedreturn on the market is 0.09, and the riskfree rate is 0.03.Suppose the corporate tax rate is 35 percent. Assume that debt isriskless throughout this problem. (Round your answers to 2 decimalplaces. (e.g., 0.16)) a. The expected return on the unleveredequity (return on asset, R0) for the solar water heater projectis__ %. b. If Hula is an equity financed firm, the weighted averagecost of capital for the project is ___%. c. If Hula has a debt toequity ratio of 2, the weighted average cost of capital for theproject is ___%. d. The finance manager believes that the solarwater heater project can support 20 cents of debt for every dollarof asset value, i.e., the debt capacity is 20 cents for everydollar of asset value. Hence she is not sure that the debt toequity ratio of 2 used in the weighted average cost of capitalcalculation is valid. Based on her belief, the appropriate debtratio to use is ___%. The weighted average cost of capital that youwill arrive at with this capital structure is___ %.