The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 14%, 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 $1,113. 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 Liabilities And Equity Accounts payable and $ 10 accruals Short-term debt 43 Long-term debt $1,070 240 Accounts receivable Inventories 360 Plant and equipment, net 2,160 1,757 Common equity Total liabilities and equity Total assets $2,880 $2,880 %