COST OF COMMON EQUITY AND WACC Palencia Paints Corporation has a target capital structure of 30% debt and 70% comm on equity, with no preferred stock Its before tax cost of de t is 10%, and its marginal tax rate is 40% The cu rent stock price is PO is expected to grow at a 796 constant rate, what is its cost of common equity and Rs wACC? Round your answers to two decimal places. Do not round your intermediate calculations. $21.50. The last dividend as D0-$2.75, and it a. rs