Palencia Paints Corporation has a target capital structure of $45\%$ debt and $55\%$ 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 P$0=$ $$27\mathrm{.}50.$ The last dividend was D$0=$ $$3\mathrm{.}00,$ 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 $=$

$\%$

WACC $=$

$\%$