eBook The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 15%, its before-tax cost of debt is 8%, and its margin 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's short-term debt a long-term debt, equals $1,203. 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 accruals $ 10 Accounts receivable 240 Short-term debt 63 Inventories 360 Long-term debt 1,140 Plant and equipment, net 2,160 Common equity 1,667 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 Olsen Outfitters Inc, believes that its optimal capital structure consists of 65% common equity and 35% debt, and its tax rate is 40%. Olsen musta additional capital to fund its upcoming expansion. The firm will have $1 million of retained earnings with a cost of rs 12%. New common stock in a amount up to $9 million would have a cost of ro - 14.0%. Furthermore, Olsen can raise up to $4 million of debt at an interest rate ore 21% and additional 54 million of debt at ro = 13%. The CFO estimates that a proposed expansion would require an investment of $7.1 million. What is the WA for the last dollar raised to complete the expansion Round your answer to two decimal places %