Hurggasky, Inc.'s balance sheet is shown as follows:

Cash: 460,000

Accounts receivable: 4,080,000

Inventories: 7,900,000 Long-term debt: 11,140,000

Net property, plant, and equipment: 19,146,000 Common equity: 20,446,000

Total assets:31,586,000 Total debt and equity: 31,586,000

.Currently the price of the company's common stock is selling at a price the same as its book value, and the company's bonds are selling at par. The market's required rate of return for its stock is estimated to be

19 percent. The yield to maturity of the Hurggasky's bonds is 9 percent, and the company's corporate tax rate is 27 percent.

Answer the following questions.

a. Hurggasky's weighted average cost of capital will be ________.

b. What would the firm's cost of capital be if the company's cost of equity to drop to 17 percent (assuming there is no change on the cost of debt and tax rate)?

c. If Hurggasky buy another equipment company, the appropriate cost of capital for this buyout project would be its ________ cost of capital.