Lingenburger Cheese Corporation has $7\mathrm{.}2$ million shares of common stock outstanding, $260,000$ shares of $4\mathrm{.}4$ percent

preferred stock outstanding, par value of $$100$; and $145,000$ bonds with a semiannual coupon rate of $5\mathrm{.}5$ percent outstanding,

par value $$2,000$ each. The common stock currently sells for $$65$ per share and has a beta of $1\mathrm{.}15,$ the preferred stock has a par

value of $$100$ and currently sells for $$91$ per share, and the bonds have $15$ years to maturity and sell for $105$ percent of par. The

market risk premium is $7\mathrm{.}5$ percent, T$-$bills are yielding $3\mathrm{.}1$ percent, and the company's tax rate is $21$ percent.

a$.$ What are the firm's market value capital structure weights?

Note: Do not round intermediate calculations 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 calculations enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$