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5. Problem 10.09 (WACC) The Paulson Companys year-end balance sheet is shown below. Tts cost of common equity is 15%, its before-tax cost of debt

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5. Problem 10.09 (WACC) The Paulson Companys year-end balance sheet is shown below. Tts cost of common equity is 15%, its before-tax cost of debt is 9%, and its marginal tax rate is 25\%. Assume that the firm's long-term debt seils at par value. The frm's total debt, which is the sum of the company's short-term debt and long-term debt, equals $1.167. The firm Aas 576 shares of common stock outstanding that sell for $4.00 per share. Calculate Pavicens WacC using market-vilue weights, Do not round intemediste cakculations. Hound your answer to two decimal places

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