Raymond Mining Corporation has $10\mathrm{.}1$ million shares of common stock outstanding, $450,000$ shares of $5\%$ $$100$ par value preferred stock outstanding, and $175,0007\mathrm{.}50\%$ semiannual bonds outstanding, par value $$1,000$ each. The common stock currently sells for $$49$ per share and has a beta of $1\mathrm{.}55,$ the preferred stock currently sells for $$98$ per share, and the bonds have $15$ years to maturity and sell for $116\%$ of par. The market risk premium is $8\mathrm{.}9\%,$ T$-$bills are yielding $4\%,$ and Raymond Mining's tax rate is $38\%.$

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

Market value

$

$

$

Debt

Equity

Preferred stock

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.$)$

$\%$

Discount rate