Raymond Mining Corporation has 8.5 million shares of common stock outstanding, 250,000 shares of 5% $100 per value preferred stock outstanding, and 135,000 7.5% 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 114% of par. The market risk premium is 75%, 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.) Market value Debt Tiquity 5 289000000 Preferred stock 22750000 $ 153900000 b. If Raymond Mining 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 percentage rounded to 3 decimal places.) Discount rate 9.904