Palencia Paint Corporation has a target capital structure of 40% debt and 60% common equity, with no preferred stock. Its before-tax cost of obtis, and its marginal tax rate is 25%. The current stock price is P - $25.00. The last dividend was Di $2,25, and it is expected to grow at a constant rate. What is its cost of common equity and it WACC? Do not round intermediate calculations, Round your answers to two decimal places 15.50 WACC - Me