A project has an initial capital cost of $9.0M. The company use $0.85M 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: 0.35 (35%) 

•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)