The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 12%, and its marginal tax rate is 10% 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 $1,182. 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. Open spreadsheet Calculate Paulson's WACC using market value weights. Round your answer to two decimal places. Do not round your intermediate calculations Assets Cash $ 120 Accounts receivable 240 Liabilities And Equity Accounts payable and $10 accas Short-term debt 52 Long-term debt $1,130 Common equity 1.688 Total abilities and 12.680 equity Inventories 360 Plant and equipment, net 2,160 Total assets $2.000 WACC Cost of common equity (cs) Before-tax cost of debt (ra) Marginal tax rate (T) Common shares outstanding Current stock price Long-term debt sells at par value 17.00% 12.00% 40.00% 576 $4.00 Yes $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 $52.00 $1,130.00 $1,688.00 $2,880.00 Balance Sheet: Assets 2 Cash 3 Account receivable 4 Inventories 5 Plant and equipment, net 6 Total assets 7 18 19 Market value of total debt 20 Market value of common equity 21 Total capital 22 23 Percentage of debt 24 Percentage of common equity 25 26 After-tax cost of debt 27 28 Weighted Average Cost of Capital (WACC) 29 Formulas #N/A #N/A #N/A #N/A #N/A #N/A #N/A