Back to Assignment Attempts 0 Keep the Highest 0 / 0.5 5. Problem 10.09 (WACC) eBook The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 10%, 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 $1,155. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Assets Cash $ 120 $ 10 Accounts receivable 240 55 Liabilities And Equity Accounts payable and accruals Short-term debt Long-term debt Common equity Total liabilities and equity Inventories 360 Plant and equipment, net 2,160 $2,880 1,100 1,715 $2,880 Total assets Calculate Paulson's WACC using market-value weights. Do not round intermediate calculations. Round your answer to two decimal places. %