16. Finding the WACC (LO4) Raymond Mining Corporation has 8.5 milion shares of common stock outstanding. 250.000 shares of 5% preferred stock outstanding and 135,0007.58 semiannual bonds outstanding. par value $1,000 each. The common stock currently sells for $34 per share and has a beta of 1.25 , the preferred stock currently sells for $91 per share, and the bonds have 15 years to maturity and sell for 114% of par. The market risk premium is 7.5%. T-bills are yielding 4%. and the company's tax rate is 35%. a. What is the firm's market value capital structure? \$. If Raymond Mining is evaluating a new imvestment project that has the same risk as the firm's typical project, what rate should the firm use to discount the project's cash flows