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please answer question ill upvote, thank you! Palencia Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred

please answer question ill upvote, thank you! image text in transcribed
Palencia Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock, Its before-tax cost of debt is 13%, and its marginat tax rate is 25%. The current stock price is P0=$23.50. The last dividend was D0=$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 decimal places. r=WACC=

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