Paiencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 11%, and its marginal tax rate is 25\%. The current stock price is P0=$21.50. The last dividend was D0=$3.25, and it is expected to grow at a 4% constant rate. What is its cost of common equity and its WacC? Do not round intermediate calculatiens. Round your answers to two decimal places. f4=WACC=