Q2. Emaar Malls Group has 9 million shares of common stock outstanding250.000 shares of 6 percent preferred stock outstanding and 105,000 7.5 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $34 per share and has a beta of 1.25, the preferred stock currently sells for $91 per share, and the bonds have 15 years to maturity and sell for 93 percent of par. The market risk premium is 8.5 percent, T-bills are yielding 5 percent, and Emaar Malls Group's tax rate is 35 percent. a. Clarify the firm's market value capital structure. b. If Emaar Malls Group is evaluating a new investment project that has the same risk as the firm's typical project, examine the rate that should the firm use to discount the project's cash flows