Lingenburger Cheese Corporation has $6\mathrm{.}4$ million shares of common stock outstanding. $320,000$ shares of $4\mathrm{.}65$ percent preferred

stock outstanding, par value of $$100,$ and $73,0005\mathrm{.}6$ percent semiannual bonds outstanding. par value $$2,000$ each. The common

stock currently sells for $$74\mathrm{.}25$ per share and has a beta of $1\mathrm{.}14,$ the preferred stock currently sells for $$101\mathrm{.}60$ per share, and the bonds

have $23$ years to maturity and sell for $96\mathrm{.}1$ percent of par. The market risk premium is $6\mathrm{.}8$ percent, T$-$bills are yielding $3\mathrm{.}4$ percent, and

the firm's tax rate is $25$ percent.

What is the firm's market value capital structure?

Note: Do not round Intermedlate caleulations and round your answers to $4$ decimal places, e$.$g$.,1616.$

What is the firm's cost of each form of financing?

Note: Do not round Intermedlate colculatlons 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 Intermedlate calculatlons and enter your answer as a percent rounded to $2$ declmal places, e$.$g$.,32\mathrm{.}16.$

Weighted average cost of capital

$9\mathrm{.}50$

$\%$