8. Problem 10.09 (WACC) eBook The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 18%, its before-tax cost of debt is 8%, 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 $1,139. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Assets Cash $ 120 $ 10 Accounts receivable 240 Liabilities And Equity Accounts payable and accruals Short-term debt Long-term debt Common equity Total liabilities and equity Inventories 360 2,160 1,080 1,731 Plant and equipment, net Total assets $2,880 $2,880 Calculate Paulson's WACC using market value weights. Do not round intermediate calculations. Round your answer to two decimal places. Grade New S ave Continue Continue without saving