Attempts Keep the Highest/2 5. Problem 10.08 (Cost of Common Equity and WACC) eBook Palencia Paints Corporation has a target capital structure of 40% debt and 60% common equity, with no preferred stock its before tax cost of debt is 10%, and its marginal tax rate is 25%. The current stock price is P. = $27.00. The last dividend was D. - $2.00, and it is expected to grow at a 6% constant rate. What is its cost of common equity and ts WACCP Do not round intermediate calculations. Round your answers to two decimal places WACC %