HardTouch Corporation has: Common stock: 90,000 shares of common stock. Common stocks currently sell for $45 per share and have a beta of 0.95 . Preferred stock: 5,000 shares of preferred stock that pays a dividend of $7 per share. Preferred stocks currently sells for $97 with a floatation cost of $3 per share. Bonds (long-term debt): 3,000 bonds with 8 percent semiannual coupon bonds (par value of $1,000 each) Bonds have 20 years to maturity and are currently sold for 109.5 percent of par at a floatation cost of 2% of the current market price. The expected return on market portfolio is 10 percent, T-bills are yielding 3 percent, and the tax rate is 35 percent. What is the firm's market value capital structure? If HardTouch 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