Lingenburger Cheese Corporation has 6.7 million shares of common stock outstanding. 240,000 shares of 3.8 percent preferred stock outstanding. par value of $100; and 125,000 bonds with a semiannual coupon rate of 5.7 percent outstanding. par value $1,000 each. The common stock currently sells for $69 per share and has a beta of 1.15 , the preferred stock has a par value of $100 and currently sells for $87 per share, and the bonds have 16 years to maturity and sell for 103 percent of par. The market risk premium is 7.5 percent, T-bills are yielding 3.5 percent, and the company's tax rate is 22 percent. a. What is the firm's market value capital structure? Note: Do not round intermediote calculotions and round your answers to 4 decimal places, e.g., 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? Note: Do not round intermediate colculations enter your answer as a percent rounded to 2 decimal places, e.g., 32.16