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Search this cours HW 10 (Ch10) Back to Assignment Keep the Highest/1 Antempts 4. Problem 10.09 (WACC) elok The Paison Company's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 9%, and its marginal tax rates 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 $1155. The firm has 578 shares of common stock outstanding that sell for $1.00 per share Assets Liabilities And Equity Cash $ 120 Accounts payable and accruals $ 10 Accounts receivable 240 Short-term debt 45 Inventories 360 Long-term debt 1,110 Plant and equipment, net 2,160 Common equity 1.715 Totales $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. ver Grade it Now Stue & Continue Continue without saving MacBook Air