Palencia Paints Corporation has a target capital structure of 25% debt and 75% common equity, with no preferred stocki Its betore-tax cost of debt is 4 , 2 , and its marginal tax rate is 25%. The current stock price is P0$27.00. The last dividend was D0$4.00, and it is expected to grow at a 4% constart rate. What is is coek 2 common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places