What is the WACC if the retained earnings is used as the source of equity capital? if the common stock is issued?

The following data applies to Crunch Cookie Company: Dividends Per Share Income Statement Year Net Income $ 3.50 Sales Operating Expense EBIT Interest EBT Taxes (@40%) (140,000) Net Income 210,000 $1,000,000 1985 $210,000 (622,000) 378,000 (28,000) 350, 000 1984 1983 1982 1981 1980 1979 195,000 180,000 167,000 155,000 143,500 118,500 3.20 2.95 2.65 2.40 2.18 1.98 Balance Sheet December, 1985 Assets Liabilities and Owners' Equity Short-term loans $100,000 Bonds ($1,000 par) 300,000 Common Stock ($20 par) Retained Earnings 300,000 Total Current $ 200,000 Fixed 800,000 300,000 Total 1,000,000 1,000,000 Bond Price $661.00 Common Stock Price 54 crunch paid 10% interest on its short term loans. common stock costs $5 per share to issue, floatation costs for bonds is 5% and the bonds have ten years to maturity. Assume the growth rate in earnings and dividends to be constant over time and the payout rate to be the same as in the previous year