Question 6 of 20 Questions Problem 10.08 (Cost of Common Equity and WACC) Check My Work (3 remaining) O 3 B eBook o 10 . 11. Palencia Paints Corporation has a target capital structure of 25% debt and 75% common equity, with no preferred stock. Its before-tax cost of debt is 9%, and its marginal tax rate is 25%. The current stock price is Po = $32.00. The last dividend was Do - $4.00, and it is expected to grow at a 5% constant rate. What is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places 12 % 13 WACC - 96 16