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The Nile Corporation has 9.9 million shares of common stock outstanding and 430,0006 percent semlannual bonds outstanding. par value $1,000 each. The common stock currently

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The Nile Corporation has 9.9 million shares of common stock outstanding and 430,0006 percent semlannual bonds outstanding. par value $1,000 each. The common stock currently sells for $47 per share and has a beta of 1.45 . The bonds have 20 years to maturity and sell for 118 percent of par. The market risk premium is 8.7 percent, T-bills are yielding 5 percent, and the company's tax rate is 24 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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