Hankins Corporation has the following information about their capital structure:

Common Stock:

8.6mm shares selling, Priced at $65.10/share, Beta of 1.31

Preferred Stock:

Market value of $65,209,000, Priced at $106.90, Dividend of $7.10

Debt:

186,000 bonds valued at $168,330,000, YTM = 9.46%

Market Information:

Risk free rate = 5.55%, Market Premium = 6.85%, Tax Rate = 30%

What is the firm's market value?

What is the firm's cost of each form of financing? (e.g. Re, Rp, Rd)?

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 (WACC)?