Titan Corporation has $8\mathrm{.}2$ million shares of common stock outstanding and $260,0004\mathrm{.}3$ percent semiannual bonds outstanding, with a par value of $$1,000$ each. The common stock currently sells for $$30$ per share and has a beta of $1\mathrm{.}1$; the bonds have $10$ years to maturity and sell for $110$ percent of par. The market risk premium is $7$ percent, T$-$bills are yielding $3$ percent, and the company$$s tax rate is $22$ percent.

a$.$

What is the firm's market value capital structure? $($Do not round intermediate calculations and round your answers to $4$ decimal places, e$.$g$.,\mathrm{.}1616.)$

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? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$