The Paulson Company's year$-$end balance sheet is shown below. Its cost of common equity is $15\%,$ its before$-$tax cost of debt is $10\%,$ 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 shortterm debt and long$-$term debt, equals $$1,141.$ The firm has $576$ shares of common stock outstanding that sell for $$4\mathrm{.}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.

Assets

$\backslash$table$[[,,,],[$Cash$,$$$120,\backslash$table$[[$Accounts payable and$],[$accruals$]],$$$10$