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3. = 3. 10. 11. 12. 13. O O The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%,
3. = 3. 10. 11. 12. 13. O O The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 11%, O and its marginal tax rate is 25%. Assume that the firm's long-term debt sells at par value. The firm's total debt, which is the sum of the company's short-term debt and long-term debt, equals $1,141. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. O O O eBook Assets Cash Accounts receivable Inventories Plant and equipment, net Total assets O fion Key $ 120 240 360 2,160 Liabilities And Equity Accounts payable and accruals Short-term debt Long-term debt Common equity $.10 61 1,080 1,729 $2,880 Total liabilities and equity $2,880 Calculate Paulson's WACC using market value weights. Do not round intermediate calculations. Round your answer to two decimal places Check My Work X A-Z 1
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