Excel Online Structured Activity: WACC The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its before-tax cost of debt is 9%, 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's short-term debt and long term debt, equals $1,117. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. X Open spreadsheet Calculate Paulson's WACC using market-value weights. Round your answer to two decimal places. Do not round your intermediate calculations. Liabilities And Equity Assets Accounts payable and Cash 10 $120 accruals Accounts receivable 240 Short-term debt 47 Long-term debt $1,070 Inventories 360 Plant and equipment, net 2,160 Common equity 1,753 To and $2,880 $2,880 Total assets equity Check My Work Reset