4. Problem 10.00 (Cost of Common Equity and WACC) ebook Palencia Paints Corporation has a target capital structure of 45% debt and 55% common equity, with no preferred stock. Its before-tax cost of debt is 9%, and its marginal tax rate is 40%. The current stock price is P - $24.50. The last dvidend was D. - 54.00, and it is expected to grow at a 7% constant rate. What is its cost of common equity and its WACC Do not round intermediate calculations. Round your answers to two decimal places b. WACC