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The Nile Corporation has 9 . 8 million shares of common stock outstanding and 4 2 0 , 0 0 0 5 percent semiannual bonds

The Nile Corporation has 9.8 million shares of common stock outstanding and 420,0005 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $46 per share and has a beta of 1.4. The bonds have 15 years to maturity and sell for 117 percent of par. The market risk premium is 8.6 percent, T-bills are yielding 4 percent, and the company's tax rate is 23 percent.
a. What is the firm's market value capital structure?
Note: Do not round intermediate calculations and round your answers to 4 decimal places, e.g.,1616.
b. If the company 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?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
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