Lingenburger Cheese Corporation has $6\mathrm{.}6$ million shares of common stock outstanding, $324,000$ shares of $4\mathrm{.}75$ percent preferred stock outstanding, par value of $$100,$ and $77,0005\mathrm{.}4$ percent semiannual bonds outstanding, par value $$2,000$ each. The common stock currently sells for $$74\mathrm{.}55$ per share and has a beta of $1\mathrm{.}12,$ the preferred stock currently sells for $$102\mathrm{.}00$ per share, and the bonds have $25$ years to maturity and sell for $96\mathrm{.}5$ 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 $22$ percent.

$$What is the firm's market value capital structure?

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

$$If the firm is evaluating a new investment project that has the same risk ss the firm's typical project, what rate should the firm use to discount the project's cash flows?