firm's total debt, which is the sum of the company's short$-$term debt and long$-$term debt, equals $$1,203.$ The firm has $576$ shares of common stock outstanding that sell for $$4\mathrm{.}00$ per share.

Assets

Liabilities And Equity

Short$-$term debt $63$

Long$-$term debt $,1,140$

Common equity

Total liabilities and equity

Calculate Paulson's WACC using market$-$value weights. Do not round intermediate calculations. Round your answer to two decimal places.