Palencia Paints Corporation has a target capital structure of 40% debt and 60% common equity, with no preferred stock. Its before-tax cost of dete i 12%, and its marginal tax rate s 25%. The current stock price is Po - $24.50. The last dividend was Do = $2,25, and it is expected to grow at a 6% constant rate. What is its cost of common cauty and Its WACC) Do not round intermediate calculations. Round your answers to two decimal places WACC