Question 6. Crawford Enterprises is a publicly held company 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 equipment used in the farm tractor industry. At the close of 2020 the firm's balance sheet appeared as follows: (3 Marks) Cash 15,000 Accounts Receivable 75,000 Inventories 200,000 Long-term Liabilities 1,790,000 Net Property, Plant, Equipment 3,000,000 Common Equity 1,500,000 Total Assets 3,290,000 Total Debt and Equity 3,290,000 At present, the firm's common stock is selling for a price equal to its book value, and the firm's bonds are selling at par. Crawford's managers estimate that the market requires a 12 percent return on its common stock, the firm's bonds command a yield to maturity of 7 percent, and the firm faces a tax rate of 30 percent. What is Crawford's weighted average cost of capital