Please give a detailed calculation and explanation please, Thank you. Raymond Mining Corporation has $8\mathrm{.}5$ million shares of common stock outstanding, $250,000$ shares of $5\%$$$100$ par value preferred

stock outstanding, and $135,0007\mathrm{.}5\%$ semiannual bonds outstanding, par value $$1,000$ each. The common stock currently sells for $$34$

per share and has a beta of $1\mathrm{.}25,$ the preferred stock currently sells for $$91$ per share, and the bonds have $15$ years to maturity and sell

for $114\%$ of par. The market risk premium is $7\mathrm{.}5\%,$ T$-$bills are yielding $4\%,$ and Raymond Mining's tax rate is $35\%.$

a$.$ What is the firm's market value capital structure? $($Enter your answers in whole dollars.$)$

b$.$ If Raymond Mining 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? $($Do not round intermediate calculations. Enter your answer as a percentage rounded

to $3$ decimal places.$)$

References

Discount rate

$\%$