The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 18%, 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 $1,183. 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 Cash $ 120 Accounts payable and accruals $ 10 Accounts receivable 240 Short-term debt 63 Inventories 360 Long-term debt $1,120 Plant and equipment, net 2,160 Common equity 1,687 Total assets $2,880 Total liabilities and equity $2,880 % WACC 18.00% Cost of common equity (rs) Before-tax cost of debt (ra) Marginal tax rate (T) Common shares outstanding Current stock price Long-term debt sells at par value 11.00% 40.00% 576 $4.00 Yes Balance Sheet: Assets Cash Account receivable Inventories Plant and equipment, net Total assets $120.00 $240.00 $360.00 $2,160.00 $2,880.00 Liabilities and Equity Accounts payable and accruals Short-term debt Long-term debt Common equity Total liabilities and equity $10.00 $63.00 $1,120.00 $1,687.00 $2,880.00 Market value of total debt Market value of common equity Total capital Formulas #N/A #N/A #N/A Percentage of debt Percentage of common equity #N/A #N/A After-tax cost of debt #N/A Weighted Average Cost of Capital (WACC) #N/A