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 $12\%,$ 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 $$1,101.$ The firm has $576$ shares of common stock outstanding that sell for $$4\mathrm{.}00$ per share.

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