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CALCULATING THE WACC Here is the condensed 2015 balance sheet for Skye Computer Company (in thousands of dollars) 2015 Current assets Net fixed assets Total assets $2,000 3,000 $5,000 Accounts payable and accruals Short-term debt Long-term debt Preferred stock (10,000 shares) Common stock (50,000 shares) Retained earnings Total common equity Total liabilities and equity 900 100 1,100 250 1,300 1,350 $2650 $5,000