Here is the condensed 2021 balance sheet for Skye Computer Company (In thousands of dollars): oquals $1.075 million. Download spreadshect Galculating the WACc-d 56b18.xlsx equity. After-tax cost of debt: (3) \& Cost of preferred stock: Cost of retained earnings: Cost of new comman stadk: b. Now calculate the cost of common equity from retained earnings, using the CAPM method. % WACC1:% WACC2:% Calculating the WACC Skye Computer Company: Balance Sheet as of December 31 (in thousands of dollars) Current assets Net fixed assets Total assets \begin{tabular}{rr|} \hline 2021 \\ $1,750 \\ 3,250 \\ \hline$5,000 \\ \hline \end{tabular} Accounts payable and accruals $700 Short-term debt Long-term debt Preferred stock Common stock Retained earnings Total common equity Total liabilities and equity 1009753251,4251,4752,9005,000 Last year's earnings per share Current price of common stock, P0 \begin{tabular}{rr} \hline 1,475 \\ \hline$2,900 \\ \hline \hline$5.000 \\ \hline$2.90 \\ \hline$60.00 \\ \hline \end{tabular} Last year's dividend on common stock, D0 Growth rate of common dividend, g Flotation cost for common stock, F Common stock outstanding Current price of preferred stock, P0 Dividend on preferred stock, D Preferred stock outstanding Before-tax cost of debt, rd Market risk premium, rMrRF Risk-free rate, rRF Beta Tax rate Total debt a. Calculating the cost of each capital component (using the DCF method to find the cost of common equity) Formulas After-tax cost of debt Cost of preferred stock Cost of retained earnings Cost of new common stock b. Calculating the cost of common equity from retained earnings, using the CAPM method Cost of retained earnings c. Calculating the cost of new common stock based on the CAPM Flotation cost adjustment Cost of new common stock d. Calculating the firm's WACC assuming that (1) it uses only retained earnings for equity and (2) if it expands so rapidly that it must issue new common stock WACC1 WACC2