Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): equals $1.375 million. Download spreadsheet Calculating the WACC-b0b1f6.xlsx 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. % % WACC1: WACC 2 : %