The Paulson Company's year-end balance sheet is shown below, Its cost of common equity is 16%, its before-tax cost of debt is 8%, and its marginal th 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, equais $1,193. The firm has $76 shares of common stock outstanding that sell for $4.00 per share. Calcuiate Paulson's WACC using market-value weights, Do not round intermediate calculations. Round your answer to two decimal places