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The Pation Company's year end balance sheet is shown below. Its cost of common equity is 14%, its before-tax cost of debt is 9% and

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The Pation Company's year end balance sheet is shown below. Its cost of common equity is 14%, its before-tax cost of debt is 9% and its marginal tax rate is 75%. Assume that the Sen'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 $1,133. The firm has 576 shares of common stock outstanding that sell for $4.00 per share Assets Liabilities And Equity Carth $ 120 Accounts payable and accus Accounts receivable 240 Short-term debt twentore Long-term dobi 1,010 Want and eduomet, net 2,160 Common equity 173 walts $2.80 Totallaties and equity 180 Caicote WACC ng market value weit. Do not found intermediate calculations. Hound your answer to two decimal places

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