Question: Attempts Keep the Highest/2 9. Problem 10.08 (Cost of Common Equity and WACC) ebook Palencia Paints Corporation has a target capital structure of 30% debt

Attempts Keep the Highest/2 9. Problem 10.08 (Cost of Common Equity and WACC) ebook Palencia Paints Corporation has a target capital structure of 30% debt and 70% common equity, with no preferred stock tu before-tax cost of debts-11%, and its marginal tax rate s 25% The current stock price is Po-$29.00. The last dividend was De = $3.75, and it is expected to grow at a constant rate. What is its cost of common equity and its WACCI Do not round Intermediate calculations. Round your answers to two decimal places WACC

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