all the information needed is in the q

Moth Titan Mining Corporation has 14 million shares of common stock! outstanding, 900,000 shares of 9 percent preferred stock outstanding and 210,000 ten percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $34 per share and has a beta of 1.15, the preferred stock currently sells for $80 per share, and the bonds have 17 years to maturity and sell for 91 percent of par. The market risk premium is 12 percent, T-bills are yielding 7.5 percent, and the firm's tax rate is 34 percent. What discount rate should the firm apply to a new project's cash flows if the project has the same risk as the firm's typical project