ACME Company's 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 firm's 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 ACME's WACC using book-value weights. Asset Assets Liabilities and Equity Liabilities and Equity Amount Amount Cash $4,300 Accounts payable 100 A/R 1,800 Short-term 3,670 debt Inventories 3,600 Long-term debt 12.730 Plant and equipment, 18,500 net Common equity 11,700 Total assets $28,200 Total liabilities and equity 28200 8.93% 7.62% 8.88% 7.94% 8.52%