Palencia Paints Corporation has a target capital structure of $40\%$ debt and $60\%$ 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=$$$28\mathrm{.}50.$ The last dividend was $D_0=$$$2\mathrm{.}00,$ and it is expected to grow at a $6\%$ constant rate. What is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places.

$r_s=,\%$

WACC $=,\%$