3. Cooper Auto Corporation has 7.5 million shares of common stock outstanding, 250,000 shares of 4.8 percent preferred stock outstanding (par value $100 each) and 140,000 bonds with a semiannual coupon of 5.1 percent outstanding (par value $1,000 each). The common stock currently sells for $45 per share and has a beta of 1.1, the preferred stock currently sells for $105 per share, and the bonds have 16 years to maturity and sell for 105 percent of par. The market risk premium is 8.5 percent, T-bills are yielding 2.8 percent, and the company's tax rate is 21 percent. (15 points) What is the firm's market value capital structure? If the company is evaluating a new investment 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