The Paulson Company's year$-$end balance sheet is shown below. Its cost of common equity is $18\%,$ its before$-$tax cost of debt is $10\%,$ and its marginal tax rate is $25\%.$ 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 $$1,139.$ The firm has $576$ shares of common stock outstanding that sell for $$4\mathrm{.}00$ per share.

Assets Liabilities And Equity

Cash $ $120$ Accounts payable and accruals $ $10$

Accounts receivable $240$ Short$-$term debt $59$

Inventories $360$ Long$-$term debt $1,080$

Plant and equipment, net $2,160$ Common equity $1,731$

Total assets $$2,880$ Total liabilities and equity $$2,880$

Calculate Paulson's WACC using market$-$value weights. Do not round intermediate calculations. Round your answer to two decimal places.The Paulson Company's year$-$end balance sheet is shown below. Its cost of common equity is $18\%,$ its before$-$tax cost of debt is $10\%,$ and its marginal tax rate is $25\%.$ 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 $$1,139.$ The firm has $576$

shares of common stock outstanding that sell for $$4\mathrm{.}00$ per share.

Assets

Liabilities And Equity

Accounts payable and accruals $$10$

Short$-$term debt $59$

Long$-$term debt $,1,080$

Common equity

Total liabilities and equity

$1,731$ $$2,880$

Calculate Paulson's WACC using market$-$value weights. Do not round intermediate calculations. Round your answer to two decimal places.