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 13%, and its marginal tax rate is 25%. The current stock price is P0=$20.00. The last dividend was D0=$2.00, and it is expected to grow at a 4% Is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places. fins=WACC=