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, equals $1,132. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Assets Cash $ 120 240 Liabilities And Equity Accounts payable and accruals Short-term debt Long-term debt $ 10 52 Accounts receivable Inventories 360 1,080 2,160 1,738 Plant and equipment, net Total assets Common equity Total liabilities and equity $2,880 $2,880 Calculate Paulson's WACC using market-value weights. Do not round intermediate calculations. Round your answer to two decimal places