Palencia Paints Corporation has a target capital structure of 30% debt and 7095 common equity, with no preferred stock, its before-tax cost of debt is 9%, and Its marginal tax rate is 25%. The current stock price is Po =$23.50. The last dividend was D0=$2.25, and it is expected to grow at an 8% constant rate. What is its cost of commen equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places. Is=WACC= 0= trun kiry Problem 10.08 (Cost of Commen Liquity and WACC)