FN 201 Summer 2018 est Multiple Chapter Test Chaptels 5 pts 16 of 23 (0 d Enterprises is a publicly held company located in Armold, Kansas. The firm began as a small pas fabrication equipment used in the farm tractor industry At the close of 2015, the firm's balance sheet its 35-year life to become a leading supplier of metal follows EEB At requires a return of 19 percent on its common stock, the firm's bonds command a the firm's common stock is selling for a price equal to its book value, and the fim's bonds are elling at par. Crawfords yield to maturity of 8 percent, and the firm faces a tax rate of 33 What is Crawford's weighted average cost of capital? b. If Crawford's stock price were to rise such that it sold at 1.5 times book value, causing the cost of equity to fall to 17 percent, what would the firm's cost of capital be the cost of debt and tax rate do not change)? [ % (Round to two decimal places.) ?. If Crawford's stock price were to rise such that it sold at 1.5tmes book value, causingthe cost or edity to tanto17prent what woud tenrms esta and tax rate do not change)? [ 96 (Round to two decimal places ) Cash Accounts receivable Inventories Net property, plant, and equipment $ 490,000 4,690,000 7,500,000 s 11,380,000 19,531,000 s 30,911,000 18,231,000 Long-term debt Common equily S 30,911,000 er in each of the an