Hankins Corporation has $6\mathrm{.}2$ million shares of common stock outstanding, $215,000$ shares of $3\mathrm{.}5$ percent preferred stock outstanding, par value of $$100$; and $100,000$ bonds with a semiannual coupon rate of $5\mathrm{.}2$ percent outstanding, par value $$1,000$ each. The common stock currently sells for $$74$ per share and has a beta of $1\mathrm{.}10,$ the preferred stock has a par value of $$100$ and currently sells for $$82$ per share, and the bonds have $16$ years to maturity and sell for $106$ percent of par. The market risk premium is $6\mathrm{.}9$ percent, T$-$bills are yielding $2\mathrm{.}9$ percent, and the company$$s tax rate is $22$ percent.

a$.$

What is the firm$$s market value capital structure? $($Do not round intermediate calculations and round your answers to $4$ decimal places, e$.$g$.,\mathrm{.}1616.)$

b$.$ 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? $($Do not round intermediate calculations enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$