Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): 2021 $1,400 Current assets Net fixed assets Total assets 2,600 $4,000 Accounts payable and accruals $ 600 Short-term debt 200 Long-term debt 1,300 Preferred stock (10,000 shares) 250 Common stock (40,000 shares) 800 Retained earnings 850 Total common equity Total liabilities and equity $1,650 $4,000 Skye's earnings per share last year were $3.50. The common stock sells for $45.00, last year's dividend (Do) was $2.80, and a flota common dividend will grow at an annual rate of 8%. Skye's preferred stock pays a dividend of $3.60 per share, and its preferred st The firm's currently outstanding 10% annual coupon rate, long-term debt sells at par value. The market risk premium is 6%, the ris