If you could please demonstrate how to work this type of problem I would appreciate it thank you!

5. Problem 10.09 (WACC) eBook The Paulson Company's year and balance sheet is shown below. Its cost of common equity is 15%, its before-tax cost of debt is 8%, 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 $1,127 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 accrual $ 10 Accounts receivable 240 Short-term det 57 Inventories 360 Long-term debit 1,070 Plant and equipment, net 2,160 Common equity 1,745 Total assets $2,800 Total liabilities and equity $2,880 Calculate Paulson's WACC using market value weights. Do not found intermediate calculations. Round your answer to two decimal places