Assignment Score: 25.00% Save Submit Assignment for Grading as Problem 10.09 (WACC) Question 7 of 20 Check My Work (3 remaining) oblem 10.08 (Cost of Common Equity and WACC): Not Answered BOOK 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 11%, 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 $1,114. 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 240 Short-term debt 44 Inventories 360 Long-term debt 1,070 Plant and equipment, net 2,160 Common equity 1,756 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 9% Check My Work (3 remaining) Olcon Key Question 7 of 20 signmentMain.do?takeAssignmentSessionLocator assignment-take,005abb94-49c7-46ef-9402-95ef0712914