The following table gives Foust Company's earnings per share for the last 10 years. The common stock, 6.4 million shares outstanding, is now (1/1/22) selling for $77.00 per share. The expected dividend at the end of the current year (12/31/22) is 40% of the 2021 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.)

Year	EPS		Year	EPS
2012	$3.90		2017	$5.73
2013	4.21		2018	6.19
2014	4.55		2019	6.68
2015	4.91		2020	7.22
2016	5.31		2021	7.80

The current interest rate on new debt is 10%; Foust's marginal tax rate is 25%; and its target capital structure is 55% debt and 45% 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 = D₁/P₀ + g. Do not round intermediate calculations. Round your answer to two decimal places.

Find Foust's WACC. Do not round intermediate calculations. Round your answer to two decimal places.