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 9%. and its marginal tax rate is 25%. The current stock price is Ps - $30.50. The last dividend was Do $2.50, and it is expected to grow at a 5% constant rate. what is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places. % WACC