Please help solve problem 10-21? I need to know detailed solutions for parts a,b,c,and d.

2011 5.31 The its t current interest rate on new debt is 9%; Foust's marginal tax rate is 40%; and capital structure is 40% debt and 60% equity. a. Calculate Foust's after-tax cost of debt and common equity. Calculate the b. Find Foust's WACC cost of equity hensive/Spreadsheet Problem 10-21 Here is the condensed 2016 balance sheet for Skye Comp CALCULATING THE WACC Company (in thousands of dollars): user 2016 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 $2,650 $5,000 Skye's earnings per share last year were $3.20. The common stock sells for $55.00, last year's dividend (D) was $2.10, and a flotation cost of 10% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 9%. Skye's preferred stock pays a dividend of $3.30 per share, and its preferred stock sells for $30.00 per share. The firm's before-tax cost of