Vodaphone's earnings per share in 2022 was $1.80, and in 2017 it was $1.25. The company distributes 60% of its earnings as dividends, and the stock is currently valued at $37.75. The cost to issue new equity is 12%. The expected net incorne for 2023 is $20 million. The company's investment banker believes they could sell 15-year bonds with a 6.5% coupon rate and a face value of $1,000, with a cost of 1% to issue the bonds. The proportion of debt to equity in the company's financial structure is 30% and 70%, respectively. The company's tax rate is 25%. Using the information provided, answer the following questions: Question 8 Can you give me the EPS growth rate of Vodaphone over the past five years and also the expected dividend for the year 2023? [7 marks] Can you provide me with the calculation for the cost of retained earnings and the cost of new common equity for the company? What is the point at which retained earnings become a liability instead of an asset? What is the cost of borrowing money for a company, taking into account taxes? What is the company's weighted average cost of capital when using retained earnings, and what is it when using new common equity