eBook The following table glves Foust Company's earnings per share for the last 10 years. The common stock, 9.0 million shares outstanding, is now (1/1/20) selling for $65.00 per share. The expected dividend at the end of the current year (12/31/20) is 40% of the 2019 EPS. Because investors expect past trends to continue, 9 may be based on the historical earnings growth rate. (Note that 9 years of growth are reflected in the 10 years of data.) Year EPS Year EPS 2010 2015 $5.73 6.19 2011 2012 2013 $3.90 4.21 4.55 4.91 6.68 2016 2017 2018 2019 7.22 2014 5.31 7.80 The current interest rate on new debt is 11%; Foust's marginal tax rate is 25%, and its target capital structure is 60% debt and 40% equity. a. Calculate Foust's after-tax cost of debt. Round your answer to two decimal places. Calculate Foust's cost of common equity. Calculate the cost of equity as rs - Dz/Poo. Do not round intermediate calculations. Round your answer to two decimal places. b. Find Foust's WACC. Do not round intermediate calculations. Round your answer to two decimal places