FORMULA APPROACH ONLY- No Excel or Calculator

The following table gives foust Company's earnings per share for the last 10 years. The common stock, 6.2 million shares outstanding, as now (1/1/22) selling for $52.00 peshare. The expected dividend at the end of the current year (12/31/22) is 50% of the 2021 Eps. Because imvestors expect past trends to continue, 9 may be based on the historical carnings growth rate. (Note that 9 years of growth are reflected in the 10 years of date.) The current interest rate on new debt is 11\%; Foust's marginal tax rate is 25\%6; and its target capital structure is 40% debt and 60% colity. a. Calculate foust's after-tax cost of debt. Round your answer to two decimal places. I Calculate foust's cost af common equity. Calculate the cost of equity as r5=D1/P0+9. Do not round intermediate calculations. fiound your answer to two decimal places. b. Find Fous's WACC. Do not round intermediate calculations. Round your answer to two decimal places