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pls help asap. Problem 14-16 Finding the WACC (LO4) Raymond Mining Corporation has 8.6 million shares of common stock outstanding, 300.000 shares of 5%$100 par

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Problem 14-16 Finding the WACC (LO4) Raymond Mining Corporation has 8.6 million shares of common stock outstanding, 300.000 shares of 5%$100 par value preferred stock outstanding, and 145,0007,50% semiannual bonds outstanding. par value $1,000 each. The common stock currently sells for $34 per strare and has a beta of 1.30 , the preferred stock currently sells for $96 per share, and the bonds have 15 years to maturity and sell for 115% of par. The market risk premium is 7.4%, T-bills are ylelding 3%, and Raymond Mining's tax rate is 40%. o. What is the firm's market value capital structure? (Enter your onswers in whole dollars.) b. If Raymond Mirting is evaluating a new investment project that has the same isk 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 o percentoge rounded to 3 decimnl plnces.) Discount rate %

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