(Weighted average cost of capital) Crawford Enterprises is a publicly held company located in Amold. Kansas. The form began as a small tool and de shop but grow over its 35-year life to become a leading supplier of metal fabrication equipment used in the farm tractor industry. At the dose of 2019, the firm's balance sheet appeared as folows At present the firm's common stock is selling for a price equal to its book value and the firm's bonds are soling af por. Crawford's managers estimate that the market requires a return of 17 percent on its common stock, the firm's bonds command ayield to maturity of percent, and the firm faces a tax rate of 23 percent a. What is Crawford's weighted average cost of capital? b. If Crawford's stock price were to nie such that I sold at 15 times book value, causing the cost of equity to all to 15 percent, what would the firm's cost of capital be assuming the cost of debt and tax rate do not change? c. Crawford is considering a new business opportunity involving the acquisition of a trucking firm. What do you think the firm should do to select an appropriate cost of capital for evaluating this question? 2. What is Crawford's weighted average cost of capital? % (Round to two decimal places) b. Crawford's stock price were to rise such that soldat 1.5 times book value, causing the cost of guilty to fall to 15 percent, what would the firm's cost of capitalbe (assuming the cost of debt and tax rate do not change? Is (Round to two decimal places) c. 1 Crawford squires the trucking from the propriate cost of capital for evaluating this acquisition is the cost of cap. Select from the drop-down menu.) Data Table (Click on the following loon in order to copy its contents into a spreadsheet.) $ 520,000 Accounts receivable 5210,000 Inventories 7.200,000 Long-term Nel property, plant and equipment 17.620,000 Common equity Total $ 30.558,000 Total de and out 5 11.630,000 18.928,000 S 30.558,000 Enter your answer in each of the answer bo Done