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Here is the condensed 2021 balance sheet for Skye. Computer syn, thousanst otia Current assets Net fixed assets Total assets Accounts payable and accruals Short-term debt Long-term debt Preferred stock (10,000 shares) Common stock (40,000 shares) Retained earnings Total common equity Total liabilities and equity 2021 '3 000: $5,000 2 so 900 $5,000 sto ta ned on sack i uity from retained earnings, using the CAPM method. cai a he Of the, CAPM? (Hint: find the difference and as determined ethod nd add that differentiat to the CAPM varue for se the same market-value capital structure, what iS the firm's WACC assumlng that (1) it uses equity and (2) If it expands so rapidly that it must Issue new common stock? (Hine: use the capitai structure excluding current to determine the weights. AGO, use the sjmpte average of the Skye's earnings per share last year were 52-90, The commonstoc# sells for:$SO.O ar s dividendl a flotation cost of 9% would be required to sell new common anatysseafe project'jq Etatthe.cOm o will grow at an annual rate of 10%. Skye's preferred *tock paysha per share) and its $30.00 per share, The firm's before-tax cost of debt is and its tak firm'" rent eytSqa di 9% annual coupon rete, long-term debt sells at par value. 'The market"sk premiumi[$ 4 Skye's beta Is i.S12. The firm's total debt, which is the sum of the company's shogterm 'desk arid uongyt,errn $ stion omit The data has been collected, in the Microsoft be 'O'"load the spreadshoot and perform tho required to answer the questions below, 00 not round Intermediate calcuiations. ;Round your answers to two decimal places. nn!ood spreadbeet Calculating Calculato the cost each capitai component, that is, the after-tax cost of debt, the cost of preferred stockp the cost of equitV from retained earninqs and the cost of newly issued common stock, us..e the OCF method to find cost of common equity; After-tax cost of detg: Cost of preferred stock: Cost of retained earnings: Cost of new common stock: b. Nov. ealeul&te the cost of common equity from retained earnings. using tho CAPM method. c- What is the east of new common stock based on tho CAPM? (hint: Find the difference re r. as by the DCF method, and odd that differentibl to the CAPM vatuo % , )