ape Colens 0 x Back to Assignment Attempts 5 Keep the Highest 5/10 4. Problem 10.08 (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 efore-tax cost of debt is 13%, and its marginal tax rate is 25%. The current stock price is $28.00. The last dividend was De $3.00, and it is expected to grow at a constant rate. What is its cost of common equity and its WACCT Do not round Intermediate calculations. Round your answers to two decimal places 96 WACC Grade It Now Save & Continue Continue without saving