Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with na preferred stock. Its before-tax cost of debt is 8%, and its marginal tax rate 1 25%. The current stock price is po = $26.00. The last dividend was D. - $2.75, and it is expected to grow at an 81% constant rate. What is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to the decimal places WACC