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 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 $1,116. 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 $ 10 Liabilities And Equity Accounts payable and accruals Short-term debt 56 Long-term debt $1,060 Common equity 1,754 Accounts receivable 240 Inventories 360 Plant and equipment, net 2,160 Total assets $2,880 Total liabilities and equity $2,880 WACC 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 18.00% 8.00% 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 $56.00 $1,060.00 $1.754.00 $2.880.00 Market value of total debt Market value of common equity Total capital Formulas #N/A #N/A #N/A #N/A #N/A Percentage of debt Percentage of common equity After-tax cost of debt #N/A Weighted Average Cost of Capital (WACC) #N/A