5. Problem 10.09 (WACC) eBook The Paulson Company's year end balance sheet is shown below. Its cost of common equity is 15%, its before tax cost of debt is 9%, and its marginal tax rate is 40%. Assume that the firm's long term det sells at par value. The firm's total debit, which is the sum of the company's short term debit and long-term debt, equals $1,132. The firm has 576 shares of common stock outstanding that will for $1.00 per share. Assets Liabilities And Equity Cash $ 120 Accounts payable and accruals $10 Accounts receivable 240 Short-term debt 42 Inventories 360 Long-term debt 1.000 Plant and equipment, net 2,160 Common equity 1.738 Total assets 32,880 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