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Will leave a like, thanks! The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, Its before-tax cost of

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The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 17%, Its before-tax cost of debt is 9% 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 $1,124. The firm has 576 shares of common stock outstanding that sell for $4.00 per share. Assets Liabilities And Equity Cash $ 120 Accounts payable and accruals $ 10 Accounts receivable Short-term debt 360 Long-term debt 1,060 Plant and equipment, net 2,160 Common equity 1.746 Total assets $2,880 Total liabilities and equity $2,880 Calculate Paulson's WACC using market value weights. Do not round Intermediate calculations. Round your answer to two decimal places 240 64 Inventories 96

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