QUESTION 5 Titan Mining Corporation has 8.1 million shares of common stock outstanding, 300,000 shares of 4.1 percent preferred stock outstanding, and 185,000 bonds with a semiannual coupon rate of 55 percent outstanding, par value $2.000 each. The common stock currently sells for $57 per share and has a beta of 115, the preferred Mock has a par value of $100 and currently sells for $99 per share, and the bonds have 10 years to maturity and sell for 107 percent of par. The market risk premium is 6.6 percent, Tbilis are yielding 33 percent, and the company stax rate is 24 percent. If the company is evaluating a new Investment project that has the same risk as the firm's typical project, whatrate should the firm use to discount the project's cash flows? (Do not round intermediate calculations enter your answer as a percent rounded to 2 decimal places, e... 32.16.)