Palencia Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock. Its before-tax cost of debe is 13%, and its marginal fax rate 14 25\%. The current stock price is P0=$27.00. The last dividend was D0=$2.50, and it is expected to grow at an 8% constant rate. What is its cost of common equaty and its WACCT Do not round intermediate calculations. Round your anwers to two decimal places. rs=WACC=