9-15. (Weighted average cost of capital) Crawford Enterprises is a publicly held com- pany located in Arnold, Kansas. The firm began as a small tool and die shop but grew over its 35-year life to become a leading supplier of metal fabrication equip- ment used in the farm tractor industry. At the close of 2019 the firm's balance sheet appeared as follows: Cash Accounts receivable Inventories Net property, plant, and equipment Total assets $ 540,000 4,580,000 7,400,000 18.955.000 $31.475,000 Long-term debt Common equity Total debt and equity $12,590,000 18.885.000 $31,475,000 9-15. (Weighted average cost of capital) Crawford Enterprises is a publicly held com- pany located in Arnold, Kansas. The firm began as a small tool and die shop but grew over its 35-year life to become a leading supplier of metal fabrication equip- ment used in the farm tractor industry. At the close of 2019 the firm's balance sheet appeared as follows: Cash Accounts receivable Inventories Net property, plant, and equipment Total assets $ 540,000 4,580,000 7,400,000 18.955.000 $31.475,000 Long-term debt Common equity Total debt and equity $12,590,000 18.885.000 $31,475,000