11. Nihal Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. It's beforetax cost of debt is 8%, and its marginal tax rate is 28%. The current stock price is P0=$22.00. The last dividend was D0=$2.25, and it is expected to grow at a 5% constant rate. What is its cost of common equity and its WACC? 11. Nihal Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. It's beforetax cost of debt is 8%, and its marginal tax rate is 28%. The current stock price is P0=$22.00. The last dividend was D0=$2.25, and it is expected to grow at a 5% constant rate. What is its cost of common equity and its WACC