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 10%, and its marginal tax rate is 25%. 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, quale $1,161. The firm has 576 shares of common stock outstanding that sell for 54.00 per share Assets Liabilities And Equity Cash $ 120 Accounts payable and accruals $ 10 Accounts receivable 240 Short-term debt 61 Inventories 360 Long-term debt 1,100 Plant and equipment, net 2,160 Common equity 1,709 Total assets $2.860 Total abilities and equity $2,880 Calculate Paulson's WACC using market value weights. Do not round intermediace calculations. Round your answer to two decimal places