COST OF COMMON EQUITY AND WACC Palencia Points Corporation has a target capital structure or 40% debt and 60% common equity, with no preferred stock. Its before-tax cost of debt Is 10%, and its marginal tax rate is 49%. The current stock price is Po= $27.00. The last dividend was Do = 53.25, and it is expected to grow at a 5% constant rate. What is its cost of common equity and its WACC? Round your answers to two decimal places. Do not round your intermediate Calculations, b. WACC Check My Work