The Paulson 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 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 $1,160. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Calculate Paulson's WACC using market-value weights. Do not round intermediate calculations. Round your answer to two decimal places. Consider the following case: Nationai Petroleum Refiners Corgoration (NPR) has two divisions, Land H. Division t is the company's low-risk divition and would have a weighted average cost of capital of B\%s if it was operated as an independent cocnpany. Division H is the company's higherisk division and wouid have a weighted average cost of copital of 14W if it was operated as an independent company. Decane the two divisloms are the same slie, the compary las a composite weidsted average cost of capital of 11%. Division H in considerinit a project with an expected ieturn of 12%. 1) 29 Cri what grounds do vou bare wour acceor r Gect dechion