alencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 8%, and its harginal tax rate is 25%. The current stock price is P0=$32.50. The last dividend was Do =$2.75, and it is expected to grow at a 6% constant rate. What is its cost of ommon equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places. = VACC =%