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 9%, and its marginal tax rate is 25%. The current stock prtoe is PO0=$32.50. The fast dividend was D0=$3.75, and it is expected to grow at a 7% coestant rate. What, is its cost of common equity and its WACC Do not round intermediate calculations, Round your answers to two decimal places. rH= WACC =