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Hankins Corporation has 9.2 million shares of common stock outstanding, 670,000 shares of 72 percent preferred stock outstanding, and 192,000 of 34 percent semiannual bonds

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Hankins Corporation has 9.2 million shares of common stock outstanding, 670,000 shares of 72 percent preferred stock outstanding, and 192,000 of 34 percent semiannual bonds outstanding, par value $1,000 eachThe common stock currently sells for $65.70 per share and has a beta of 137, the preferred stock currently sells for 5106 30 per share, and the bonds have 17 years to maturity and sell for 875 percent of par The market risk premium is 6.9 percent, Tbils are yielding 56 percent, and the firm's tax rate is 38 percent 2. What is the firm's market value capital structure? (Do not round intermediate calculations and round your answers to 4 decimal places, eg. 32.1616) Market value weight of debt Market value weight of preferred stock Market value weight of equity b. If the timis evaluating a new investment project that has the same risk as the firm's typical project, whatrate should the firm use to discount the projects cash nows? (Do not found intermediate calculations and enter your answer as a percent rounded to 2 decimal places... 32.16) Weighed average cost of captar References eBook & Resources Worksheet Leaming Object 1200 Determine se cost of capital Diculty: 1 Basic Type here to search Section 24 The Weighted Average cost O IT 900 PM TV100D E BD $ hp 6 8

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