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 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? short-term debt and long-term debt, equals $1,166. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. vaiculate Paurson's WACC using market-value weights. Do not round intermediate calculations. Round your answer to two decimal places