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The following table gives foust Company's earnings per share for the last 10 years. The common stock, 8.8 million shares outstanding s now (1/1/22) selling

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The following table gives foust Company's earnings per share for the last 10 years. The common stock, 8.8 million shares outstanding s now (1/1/22) selling for $51.00 per share. The expected dividend at the end of the current year (12/31/22) is 65% of the 2021 EPS Gecause investors expect past trends to continue, 9 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 8%; Foust's marginal tax rate is 25%; and its target capital structure is 60% debt and 40%; seuity. a. Calculate Foust's after-tax cost of debt. Round your answer to two decimal places. Calculate Foust's cost of cammon equity. Calculate the cost of equity as rss=D1/P0+g. Do not round intermediate calculations. Round your answer to two decimal places. 2. Find Foust's WACC. Do not round intermediate calculations. Round your answer to two decimal places

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