9. Problem 10.09 lyhest: /1 Click here to read the eBook: An Overview of the Weighted Average Cost of Capital (WACC) Click here to read the eBook: Basic Definitions WACC The Pawlson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its before-tax cost of debt is 95, and its marginal rate is 40%. 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 dett and long term debt, equals $1,186. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Assets Liabilities And Equity Cash $ 120 $10 Accounts payable and accruals Accounts receivable Short-term debt 56 Long-term debt 1,130 Inventories Plant and equipment, net Total assets 240 360 2,160 $2,880 Common equity 1,684 $2,880 Total liabilities and equity Calculate Pawlson's WACC using market value weights, Round your answer to two decimal places. Do not round your intermediate cu Brade New