Palencia Paints Corporation has a target capital structure of 25% debt and 75% common equity, with no preferred stock. Its before-tax cost of debt is 8%, and

its marginal tax rate is 25%. The current stock price is Po = $28.00. The last dividend was Do = $2.50, and it is expected to grow at an 8% constant rate. What

is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places.

rs= 17.64 %

WACC= ? %

I need to solve for WACC plzz. With steps if possible