Excel Activity: Calculating the WACC Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): sum of the company's short-term debt and long-term debt, equals $0.725 million. places. Download spreadsheet Calculating the WACC-6ce298.xlsx the cost of common equity. After-tax cost of debt: % Cost of preferred stock: % 7n the cost of common equity. After-tax cost of debt: % Cost of 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. % % WACC 1 : % WACC2 : %