Check My Work (3 remainin eBook 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 10%, and its marginal tax rate is 25%. The current stock price is Po - $35.00. The last dividend was Do - $3.50, and it is expected to grow at an 8% constant rate. What is its cost of common equity and its WACC? Do not round intermedia calculations. Round your answers to two decimal places. WACC - O Chuck My Works remaining