(Weighted average cost of capita) Crawford Enterprises is a publicly held compeny localed in Amold, Kansas. The firm began as a smal tool and de shop tut grew over is 35y year life to become a leading supplier of metal fabrication equipment used in the farm trackor indutty. At the close of 2019, the frmis balance shoet appoared as folows: At present the frrm's common stock is selling for a price equal to ts book value, and the firm's bonds are seling at par. Crawlord's managers estimate that the maket ricuires a retum of 17 percant on its common stock, the firm's bonds command a yield to maturity of 9 percent, and the firm foces a tax raie of 25 percont. a. What is Crankord weighed average cost of capitan? b. If Crawfores stock prioe were to rise such that it sold at 1.5 times book value, causing the cost of equity to fat to is percent, what would the frm's cont of eapital be (assuming the cost of debt and tax rate do not changel? c. Crawlord is considering a new business opportunity invelving the acquistion of a trucking frm. What to you think the firm should do to saiect an approprites cast of capital for nvaluating this acquition? a. What is Craworts weighted average cost of capital? (Round to two decimal places) (Weighted average cost of capita) Crawford Enterprises is a publicly held compeny localed in Amold, Kansas. The firm began as a smal tool and de shop tut grew over is 35y year life to become a leading supplier of metal fabrication equipment used in the farm trackor indutty. At the close of 2019, the frmis balance shoet appoared as folows: At present the frrm's common stock is selling for a price equal to ts book value, and the firm's bonds are seling at par. Crawlord's managers estimate that the maket ricuires a retum of 17 percant on its common stock, the firm's bonds command a yield to maturity of 9 percent, and the firm foces a tax raie of 25 percont. a. What is Crankord weighed average cost of capitan? b. If Crawfores stock prioe were to rise such that it sold at 1.5 times book value, causing the cost of equity to fat to is percent, what would the frm's cont of eapital be (assuming the cost of debt and tax rate do not changel? c. Crawlord is considering a new business opportunity invelving the acquistion of a trucking frm. What to you think the firm should do to saiect an approprites cast of capital for nvaluating this acquition? a. What is Craworts weighted average cost of capital? (Round to two decimal places)