The Paulson Company year-end balance sheet is shown below. Its cost of common equityt 14% its before-tax cont of debt 10% marginal tax25 Autume the firm's long-term debt sells at par value. The firm's total debt, which is the son of the company's short-term debt and long-term dett, 51,150. The tom 576 shares common stock outstanding that sell for $4,00 per share Assets Uabilities And Equity Cash $ 120 Accounts payable and ca 510 Accounts receivable 240 Short term delt 50 Eventos 360 Long-term debe 1,100 Pant and equipment, et 2,160 Common equity 1.220 Total assets 2.880 Total abilities and $2.550 Calculate Paulson's WACC using market value weights. Do not round intermediate calculations. Round your answer to two decimal places