(Weighted average cost of capital) 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 dose of 2015, the firm's balance sheet appeared as follows: 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 return of 15 percent on its common stock, the firm's bonds command a yield to maturity of 6 percent, and the firm faces a tax rate of 37 percent a. What is Crawford's weighted average cost of capital? b. If Crawfords stock price were to rise such that it sold at 1.5 times book value, causing the cost of equity to fall to 13 percent, what would the firm's cost of capital be (assuming the cost of debt and tax rate do not change? a. What is Crawford's weight Data Table O% (Round to two decima b. 1 Crawford's stock price Cash of capital be (assuming the cost of debt and tax rate do not $ 410,000 change Accounts receivable 3,780,000 O% (Round to two decine Inventories 7.700,000 Long-term debit $ 10,570,000 Net property, plant, and equipment 18.916,000 Common equity 20.216,000 $ 30.780.000 Total assets Total debt and equity $ 30.786,000 Done Enter your answer in each