The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 7.2 million shares outstanding, is now (1/1/15) selling for $74 per share. The expected dividend at the end of the current year (12/31/15) is 45% of the 2014 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.) The current interest rate on new debt is 11%; Foust's marginal tax rate is 40%; and its target capital structure is 50% debt and 50% equity. Calculate Foust's after-tax cost of debt. Round your answer to two decimal places. % Calculate Foust's cost of common equity. Calculate the cost of equity as r_s = D_1/P_0 + g. Round your answer to two decimal places. % Find Foust's WACC. Round your answer to two decimal places. %