Click here to read the eBook: Basic Definitions Click here to read the eBook: The Cost of Retained Earnings, COST OF COMMON EQUITY AND WACC 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 1 40%. The current stock price is P - $32.50. The last dividend was Do - $2,25, and it is expected to grow at a 7% constant rate. What is its cost of common equity and Its WACC? Hound your answers to two decimal places. Do not round your intermediate calculations % b. WACC - % Click here to read the eBook: An Overview of the weighted Average Cost of Capitat (WACC) Click here to read the eBook: Baste Definitions WACC The Pawlson Company's year-end balance sheet is shown below. Its cost of common equity is 15%, its before-tax cost of debt is 10%, and its marginal tax rate is 40%. Assume that the firm's long-term debt sells at par value. The firm's total debt, which is the sum of the company's short-term debt and long-term debt, equals $1,132. The form has 576 shares of common stock outstanding that sell for 54.00 per share Assets Liabilities and Equity Cash $120 Accounts payable and $10 Accounts receivable 240 Short-term det 42 Inventories 360 Long-term debet 1,090 Plant and equipment, net 2,160 Common equity 1,730 Total anses $2,000 Total Babies and equity $2.500 Calculate Powison's WACC using market value weightsRound your answer to two decimal places. Do not round your intermediate calculations