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Please give me solution and pick from multiple choiceUsing the following returns, calculate the average returns forAbundant and Slim.Returns (%)YearAbundantSlim200681520075-42008-6-9200971120101262011910a.The average return for Share Abundant is 5.83% and 4.83% forShare Slim.b.The average return for Share Abundant is 5.4% and 2.8% for ShareSlim.c.The average return for Share Abundant is 5.5% and 4.5% for ShareSlim.d.The average return for Share Abundant is 4.83% and 5.83% forShare Slim.Summit Systems will pay a dividend of $1.50 next year. If youexpect Summit’s dividend to grow by 6% per year, what is its priceper share if the required return of equity is 11%?a.The price per share is $25.b.The price per share is $31.80.c.The price per share is $13.63.d.The price per share is $30.Pfd Company has debt with a yield to maturity of 7%, a cost ofequity of 13% and a cost of preference stock of 9%. The marketvalues of its debt, preference stock and equity are $13 million, $3million and $15 million, respectively, and its tax rate is 35%.What is this firm’s WACC? a.The WACC (adjusted for tax) is 9.07%.b.The WACC (adjusted for tax) is 8.42%.c.The WACC (adjusted for tax) is 10.10%.d.The WACC (adjusted for tax) is 9.79%.