Brodsky Metals Corporation has 8.8 million shares of common stock outstanding and 320,000 4 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $36 per share and has a beta of 1.4. The bonds have 10 years to maturity and sell for 117 percent of par. The market risk premium is 7.6 percent, T-bills are yielding 5 percent, and the companys tax rate is 23 percent. 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? Please do it step by step. I would like to learn how to do it by hand and not excel.

A. Debt:

Equity:

B. Discount Rate: