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3. Titan Mining Corporation has 9 million shares of common stock outstanding, 0.5 million shares of 7% preferred stock outstanding, and 120,0008.5% bonds outstanding, par
3. Titan Mining Corporation has 9 million shares of common stock outstanding, 0.5 million shares of 7% preferred stock outstanding, and 120,0008.5% bonds outstanding, par value of $1,000 each. The common stock currently sells for $34 per share and has a beta of 1.2. The preferred stok currently sells for $83 per share and pays a dividend of $7 annually. The bonds have 15 years to maturity and sell for 93% of par. The market risk premium is 10%, Treasury notes are yielding 5%, and Titan Mining's tax rate is 26%. What is the firm's market value capital structure? What is its weighted average cost of capital
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