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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 11%, and its

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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 11%, and its marginal tax rate is 40%. Assume that the firm's long-term debt selits at par value. The firm's total debt, which is the sum of the company's short-term debt and longterm debt, equals $1,175. The firm has $76 shares of common stock outstanding that sell for $4.00 per share. The data has been collected in the Microsoft Excel Online file beiow. Open the spreadsheet and perform the required analysis to answer the question below. Open sprebdsheet

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