1 Check My Work (4 rumaling o Click here to read the Book: Base Definitions Click here to read the book. The Cost of Retained Earnings, COST OF COMMON EQUITY AND WACC Palencia Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock. Its before tax cost of debt isand its marginal tax rate is 40%. The current stock price is $30.50. The last dividend was D - 52.50, and it is expected to grow at a constant te What is its cost of common equity and its WACC Round your answers to two decimal places. Do not round your intermediate calculations 2.1 13.606 b. WACC Hide Feedback Incorrect Check sty War Cremaining Problem 10.00 con Agar Gade