Lingenburger Cheese Corporation has $6\mathrm{.}5$ million shares of common stock outstanding, $230,000$ shares of $3\mathrm{.}8$ percent preferred stock outstanding, and $115,000$ bonds with a semiannual coupon rate of $5\mathrm{.}5$ percent outstanding, par value $$1,000$ each. The common stock currently sells for $$71$ per share and has a beta of $1\mathrm{.}05,$ the preferred stock has a par value of $$100$ and currently sells for $$85$ per share, and the bonds have $19$ years to maturity and sell for $109$ percent of par. The market risk premium is $7\mathrm{.}3$ percent, T$-$bills are yielding $3\mathrm{.}3$ percent, and the company$$s tax rate is $25$ percent.

a$.$

What is the firm$$s market value capital structure? $($Debt$,$ Preferred Stock, and Equity$)($Do not round intermediate calculations and round your answers to $4$ decimal places, e$.$g$.,\mathrm{.}1616.)$

b$.$ If the company 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? $($Do not round intermediate calculations enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$