5.6. Slick Enterprises has the following capital structure. Loans, 10% $100,000 Loans, 15% 100,000 Accounts payable 300,000 Mortgage, 8% 400,000 Total liabilities 900,000 Common stock 100,000 10,000 X $10 100,000 Total liability and equity $1,000,000 Accounts payable over 30 days old incur a cost of 17% per month. About half the accounts are older than 30 days. Common stock has a market price of $15 and earnings per share of $3.50 after taxes, of which $1.50 is paid as dividends. a. Obtain a weighted average cost of capital, assuming a marginal tax rate of 40%. b. Is your numerical answer in part a a good value to use for minimum attractive rate of return? Explain