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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 8%, and its

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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 8%, 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 $1,181. 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 Assets Liabilities And Equity Accounts payable and Cash $ 10 $ 120 accruals 240 Accounts receivable 51 360 $1,130 Inventories Plant and equipment, net 2,160 Short-term debt Long-term debt Common equity Total liabilities and equity 1,689 Total assets $2,880 $2,880 Google D 9

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