Lingenburger Cheese Corporation has $7\mathrm{.}7$ million shares of common stock outstanding, $285,000$ shares of $4\mathrm{.}4$ percent preferred stock outstanding, par value of $$100$; and $170,000$ bonds with a semiannual coupon rate of $6\mathrm{.}1$ percent outstanding, par value $$2,000$ each. The common stock currently sells for $$60$ per share and has a beta of $1\mathrm{.}20,$ the preferred stock has a par value of $$100$ and currently sells for $$96$ per share, and the bonds have $15$ years to maturity and sell for $104$ percent of par. The market risk premium is $6\mathrm{.}9$ percent, T$-$bills are yielding $3\mathrm{.}6$ percent, and the company$$s tax rate is $21$ percent.

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

Note: Do not round intermediate calculations and round your answers to $4$ decimal places, e$.$g$.,\mathrm{.}1616.$

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$.,32\mathrm{.}16.$