eBook The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 14%, its before-tax cost of debt is 10% and its marginal tax 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 short-term debt and long-term debt equals $1,116. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Assets Liabilities And Equity Cash $ 120 Accounts payable and accus $10 Accounts receivable 240 Short-term debt 45 Inventories 360 Long-term debit 1,070 Plant and equipment, net 2.160 Common equity 1,754 Total assets $2,880 Total liabilities and equity $2,880 Calculate Paulson's WACC using market value weights. Do not round intermediate calculations, Round your answer to two decimal places 11.39