Palencla 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 11 Wh, and its marginal tax rate is 2.5%. The current stock price is P0=$27.50. The last dividend was D0=52.25, and it is expected to grow at an a gos corstant rate. What is its cost of common equity and its WACC? Do not round intermediatn caiculations, Round your answers to two decirnal piacen. r3=WACC=