Bankruptcy and Reorganization Please respond to the following:Examine the typical first signs of a firm’s financial distress, and determine what would usually happen to a firm’s cost of capital weighted average cost of capital (WACC) as a result of this distress. Propose two (2) steps that a firm could take in order to decrease the probability of bankruptcy and lower its cost of capital.Speculate two (2) reasons as to why many firms like GM reorganize. Support your position with two (2) examples of methods to avoid bankruptcy