ACME Companys year-end balance sheet is shown here. Its cost of common equity is 12%, its before-tax cost of debt is 6%, and its marginal tax rate is 25%. Assume that the firms long-term debt sells at par value. The firm has 750 m shares of common stock outstanding that sell for $22.00 per share. Calculate ACMEs WACC using book-value weights. Assets Asset Amount Liabilities and Equity Liabilities and Equity Amount Cash $4,300 Accounts payable 100 A/R 1,800 Short-term debt 3,670 Inventories 3,600 Long-term debt 12,730 Plant and equipment, net 18,500 Common equity 11,700 Total assets $28,200 Total liabilities and equity 28200