The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 8.0 million shares outstanding, is now (1/1/22) selling for $50.00 per share. The expected dividend at the end of the current year (12/31/22) is 40% of the 2021 EPS. Because investors expect past trends to continue, g may be based on the historical earnings growth rate. (Note that 9 years of growth are reflected in the 10 years of data.) % Year 2012 2013 % 2014 2015 EPS $3.90 4.21 4.55 4.91 5.31 Year b. Find Foust's WACC. Do not round intermediate calculations. Round your answer to two decimal places. 2017 $5.73 2018 2019 EPS 2020 2016 2021 7.80 The current interest rate on new debt is 12%; Foust's marginal tax rate is 25%; and its target capital structure is 30% debt and 70% equity. a. Calculate Foust's after-tax cost of debt. Round your answer to two decimal places. 6.19 6.68 7.22 Calculate Foust's cost of common equity. Calculate the cost of equity as rs = D/Po + g. Do not round intermediate calculations. Round your answer to two decimal places. %