Hurggasky, Inc.'s balance sheet is shown as follows: 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 22 percent. Answer the following questions. a. Hurggasky's weighted average cost of capital will be 1% (Round to two decimal places.) 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)? 1% (Round to two decimal places.) cost of capital. (Select from the c. If Hurggasky buy another equipment company, the appropriate cost of capital for this buyout project would be its drop-down menu.) Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Cash 510,000 4,390,000 Accounts receivable Inventories Long-term debt 6,800,000 18,519,000 $ 10,400,000 19,819,000 Net property, plant, and equipment Common equity $ 30,219,000 $ 30,219,000 Enter your answer in the ed Total assets Total debt and equity All parts showing T Done