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Lingenburger Cheese Corporation has 6 . 2 million shares of common stock outstanding, 2 1 5 , 0 0 0 shares of 3 . 5

Lingenburger Cheese Corporation has 6.2 million shares of common stock outstanding, 215,000 shares of 3.5 percent preferred stock outstanding, par value of $100; and 100,000 bonds with a semiannual coupon rate of 5.2 percent outstanding, par value $1,000 each. The common stock currently sells for $74 per share and has a beta of 1.10, the preferred stock has a par value of $100 and currently sells for $82 per share, and the bonds have 16 years to maturity and sell for 106 percent of par. The market risk premium is 6.9 percent, T-bills are yielding 2.9 percent, and the companys tax rate is 22 percent.
What are the firms market value capital structure weights?
Note: Do not round intermediate calculations and round your answers to 4 decimal places, e.g.,.1616.
If the company is evaluating a new investment project that has the same risk as the firms typical project, what rate should the firm use to discount the projects cash flows?
Note: Do not round intermediate calculations enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.

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