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Question 15 (10 points) Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax

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Question 15 (10 points) Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 8%, and its marginal tax rate is 25%. The current stock price is PO-$22.00. The last dividend was D0-$2.25, and it is expected to grow at a 5% constant rate. What is WACC

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