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Raymond Mining Corporation has 8.6 milion shares of common stock outstanding, 300,000 shares of 5%$100 par value preferred stock outstanding, and 145,000 7.50% semiannual bonds

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Raymond Mining Corporation has 8.6 milion shares of common stock outstanding, 300,000 shares of 5%$100 par value preferred stock outstanding, and 145,000 7.50\% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $34 per share 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 premlum is 7.4\%. T. bills are ylelding 39 , and Raymond Mining's tax rate is 40%. o. What is the firm's market value capital structure? (Enter your answers in whole dollors.) b. Hf Raymond Mining is evaluating o new investment project that has the same risk as the firm's typlcal project, what rate should the firm use to discount the project's cash fows? (Do not round intermediote colculations. Enter your answer as a percentage rounded to 3 decimal ploces.]

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