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 12%, and its marginal tax rate is 25%. The current stock price is P0=$26,00. The last dividend was D0k$2.50, 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 decinal places. n=1WACC=