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The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 8.5 million shares outstanding, is now (1/1/20) selling

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The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 8.5 million shares outstanding, is now (1/1/20) selling for $78.00 per share. The expected dividend at the end of the current year (12/31/20) is 60% of the 2019 FPS. Because investors eepect 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.) 3. Calcilate Foust's afteritas cont of deht. houind your answer to twe decimal flaces. dedinal places. b. Find foust's Wacc. Do not round interned ate calculatione. Round roor answilye twe degmal ghoce

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