6. Look at the information below. This table refers to Candy Enterprises. Currently common stock is being sold at for a price equal to its book value and the firm's bonds are selling at par. Crawford managers estimate that the market requires a 15 percent return on its common stock, the firm's command a yield to maturity of 8 percent, and the firm faces a tax rate at 34 percent. Cash $54,000 Accounts Receivable 458,000 Inventories 740,000 Long-term Debt $1,259,000 Net Property, Plant & 1,895,500 Common Equity 1,888,500 Equipment Total Assets $3,147,500 $3,147,500 8% Cost of debt financing Cost of equity Tax rate 15% 34% Market to book ratio Based on the information above. A) What is Candy Enterprises' weighted average cost of capital? B) If Candy Enterprises' stock price were to rise such that t sold at 1.5 times its book value, causing the cost of equity to fall to 13 percent, what would be the firm's cost of capital (assuming the cost of debt and tax rate do not change). quint: Pamamar to look at tha nronortion of long term dahtandaalitu Vou mau format our anciare in the