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The Paulson Comparry's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 12%, and its
The Paulson Comparry's year-end balance sheet is shown below. Its cost of common equity is 17%, its before-tax cost of debt is 12%, and its marginal tax rate is 25\%. Assume that the firm's long-term debt sells at por value. The firm's total debt, which is the sum af the companv's short-term debt and long-term debt, equals 51,164. The firm has 576 shares of common stock outstanding that sell for $4.00 per thare. Coiculate Poulson's. WACC using market-value weights. Do not round intermediate calculations. Alound your answer to two decimal places
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