Refer to the Image

a Video Excel Online Structured Activity: WACC The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 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 $1,160. 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. 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 Excel Online Student Work about:blank File template - Saved Home Insert Draw Arial a x Search for tools, help, and more (Alt + Q Page Layout Formulas 17.00% 9.00% 40.00% 676 $4.00 Yes $120 00 $240 00 $360 00 160 00 $2,880 00 Data Review Cash Accounts receivable Inventories 120 240 360 Plant and equipment, net 2,160 Accounts payable and accruals Short-term debt Long-term debt Common equity Total liabilities and equity 10 $1,120 1,710 $2,880 Total assets Check My Work $2,880 Reset Pr(mm 6 7 8 10 11 12 13 14 15 19 20 23 24 25 28 WACC Cost of common equity (O_ Before-tax cost of debt (rd) Marginal tax rate ( Common shares outstandin Current stock price Lon -term debt sells at ar value Balance Sheet: Assets Cash Account receivable Inventories Plant and equipment, net Total assets Market value of total debt Market value of common equity Total ca ital Percentage of debt Percenta e of common After-tax cost of debt Wei hted Avera e Cost of Ca ital WACC Liabilities and Equity Accounts payable and accruals Short-term debt Long-term debt Common equi Total liabilities and e Formulas SIO 00 S40 00 $1,120 00 $11710 00 $2,880 00