5. Problem 10.08 (Cost of Common Equity and WACC) ecok Palencia Paints Corporation has a target capital structure of 25% debt and 75% common equity, with no preferred stock. Its before-tax cost of debt is 12%, and its marginal tax rate s 25%. The current stock price is P. = $30.50. The last dividend was Do = $2.50, and it is expected to grow at a 5% constant rate. What is its cost of common cauty and its WACCA Do not round Intermediate calculations. Round your answers to two decimal places = WACC