Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): firm's total debt, which is the sum of the company's short-term debt and long-term debt, equals $1.15 million. decimal places. X Download spreadsheet Calculating the WACC-852e13.xlsx method to find the cost of common equity. After-tax cost of debt: Cost of preferred stock: Cost of retained earnings: Cost of new common stock: % 1% % % b. Now calculate the cost of common equity from retained earnings, using the CAPM method. % % WACC 1 : % WACC 2 : %