Question 23 points Patton Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock. Its before tax cret of debt %, and its marginal tax rate is 40%. The current stock price is Po = $31. The last dividend was Do = $2.2 ano it is expected to grow at a 5% constant rate. What is its cost of common equity? What is its weighted average cost of capital (WACC) without issuing new common stock? (Please use 4 decimal places when doing the calculation) b Cost of common equity is 12,459 and WACC without issuing new common stock is 10.09. Cost of common equity is 12.45% and WACC without issuing new common stock is 10.3496. Cost of common equity is 12.10% and WACC without issuing new common stock is 10.09%. Cost of common equity is 12.10% and WACC without issuing new common stock is 10.3410, Question 23 points Patton 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 9%, and its marginal tax rate is 40%. The current stock price is Po = $31. The last dividend was Do = 52.2 and it is expected to grow at a 5% constant rate. What is its cost of common equity? What is its weighted average cost of capital (WACC) without issuing new common stock? (Please use 4 decimal places when doing the calculation)