Lingenburger Cheese Corporation has $8\mathrm{.}1$ million shares of common stock outstanding, $300,000$ shares of $4\mathrm{.}1$ percent preferred stock

outstanding, par value of $$100$; and $185,000$ bonds with a semiannual coupon rate of $5\mathrm{.}5$ percent outstanding, par value $$2,000$ each.

The common stock currently sells for $$57$ per share and has a beta of $1\mathrm{.}15,$ the preferred stock has a par value of $$100$ and currently

sells for $$99$ per share, and the bonds have $18$ years to maturity and sell for $107$ percent of par. The market risk premium is $6\mathrm{.}6$ percent,

T$-$bills are yielding $3\mathrm{.}3$ percent, and the company's tax rate is $24$ percent.

a$.$ 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$.,.1616.$

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$.,32\mathrm{.}16.$Lingenburger Cheese Corporation has $8\mathrm{.}1$ million shares of common stock outstanding, $300,000$ shares of $4\mathrm{.}1$ percent preferred stock outstanding, par value of $$100$; and $185,000$ bonds with a semiannual coupon rate of $5\mathrm{.}5$ percent outstanding, par value $$2,000$ each. The common stock currently sells for $$57$ per share and has a beta of $1\mathrm{.}15,$ the preferred stock has a par value of $$100$ and currently sells for $$99$ per share, and the bonds have $18$ years to maturity and sell for $107$ percent of par. The market risk premium is $6\mathrm{.}6$ percent, T$-$bills are yielding $3\mathrm{.}3$ percent, and the company$$s tax rate is $24$ 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$.,32\mathrm{.}16.$