The Paulson Company's year-end balonce sheet is shown below. Its cost of common equity is 18%, its before-tax cost of debt is 11%, and its marginal tax ra 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 det equals $1,106. The firm has 576 shares of common stock outstanding that sell for $4,00 per share. Calculate Paulson's WACC using market-value weights. Do not round intermediate calculations, Round your answer to two decimal places. 96