Calculating the cost of each capital component innual before-tax cost of debt fter-tax cost of debt ost of preferred stock (including flotation costs) ost of common equity, dividend growth approach (ignoring flotation costs) ost of common equity, CAPM Calculating the cost of new stock using the dividend growth approach ost of new stock, dividend growth approach Calculating the company's WACC if Gao will not issue new equity and will cont VACC