Lingenburger Cheese Corporation has $5\mathrm{.}9$ million shares of common stock outstanding, $310,000$ shares of $4\mathrm{.}4$ percent preferred stock outstanding, par value of $$100,$ and $175,0005\mathrm{.}1$ percent semiannual bonds outstanding, par value $$1,000$ each. The common stock currently sells for $$73\mathrm{.}50$ per share and has a beta of $1\mathrm{.}15,$ the preferred stock currently sells for $$105\mathrm{.}00$ per share, and the bonds have $24$ years to maturity and sell for $104\mathrm{.}4$ percent of par. The market risk premium is $6\mathrm{.}3$ percent, T$-$bills are yielding $2\mathrm{.}8$ percent, and the firm$$s tax rate is $25$ percent. What is the firm's cost of each form of financing?

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

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?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$