The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its before-tax cost of debt is 11%, 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 short-term debt and long-term debt, equals $1,159. The firm has 576 shares of common stock outstanding that sell for $4.00 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. X Open spreadsheet Calculate Paulson's WACC using market-value weights. Round your answer to two decimal places. Do not round your intermediate calculations. Cash Assets Total assets $ 120 Accounts receivable 240 Inventories 360 Plant and equipment, net 2,160 $2,880 Liabilities And Equity Accounts payable and accruals Short-term debt Long-term debt Common equity Total liabilities and equity $10 59 $1,100 1,711 $2,880 00