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please show steps so i know how to solve The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%,
please show steps so i know how to solve
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 8%, and its marginal tax rate: is 25%. Assume that the firm's long-term debt selis at por value. The firm's total debt, which is the surn of the company's short-term debt and Iong-term debt, equals $1,189. The firm has 576 shares of common stock outstanding that sell for 54.00 per share. Calculate Paulson's WACC using market-value weights. Do not round intermeciate carculationsikound yout ntswer to two decimal places Step by Step Solution
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