Palencia 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 $13\%,$ and its marginal tax rate is $25\%.$ The current stock price is P$0=$ $$35\mathrm{.}00.$ The last dividend was D$0=$ $$3\mathrm{.}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.

rs $=$

$15\mathrm{.}50$

$\%$

WACC $=$

$13\mathrm{.}49$

$\%$