Excel Activity: Calculating the WACC Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): c. What is the cost of newi gommon stook based on the CAPMP (Chint: fing the difference between re and rs as determined by the DCF method, and add that differential to the CAPM value for is is.) WACC 1 : 9/0 WACC 2 : P the company's short-term debt and long-term debt, equals \$1. 7 million. places. Download spreadsheet Calculating the WACC-1d8d1d.xlsX the cost of common equity. After-tax cost of debt: Coskof preferred stock: Cost of retained earnings: Cost of new common stock: b. Now calculate the cost of common equity from retained earnings, using the CAPM method