A project has an initial capital cost of $8.0M. The company use $0.75M from its retained earnings, and the rest of the funds will be raised through debt and equity as per the following capital structure: Debt Ratio: 0.45 (45%) Debt structuring: Loans 30%, and bonds Equity structuring: Retained earning, preferred shares 35%, and common shares Determine the funds that would be raised through debt (Loans and Bonds) and equity (Preferred & Common Shares)