Hankins Corporation has 77 million shares of common stock outstanding, 520,000 shares of 72 percent preferred stock outstanding, and 177,000 of 8.4 percent semiannual bonds outstanding, par value $1.000 each. The common stock currently sells for $64 20 per share and has a beta of 122, the preferred stock currently sells for $107 80 per share, and the bonds have 17 years to maturity and sell for 95 percent of par. The market risk premium is 6.9 percent, T-bills are yielding 5.6 percent, and the firm's tax rate is 38 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., 32.1616.) Market value weight of debt Market value weight of preferred stock Market value weight of equity b. If the firm 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 and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Weighted average cost of capital 9