Palencla 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 is marginal tax rate is 25%. The current stock price is P0=$27.00. The last dividend was D0=$3.00, 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 declmal places. %WACC=