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Titan Corporation has 8 . 5 million shares of common stock outstanding and 2 9 0 , 0 0 0 4 . 7 percent semiannual
Titan Corporation has million shares of common stock outstanding and percent semiannual bonds outstanding, with a par value of $ each. The common stock currently sells for $ per share and has a beta of ; the bonds have years to maturity and sell for percent of par. The market risk premium is percent, Tbilis are yleiding percent, and the company's tax rate is percent.
a What is the firm's market value capita! structure? Do not round intermediate calculations and round your answers to decimal places, eg
b If the company is evaluating a new imvestment project that has the same risk as the firm's typical project, what rate should the firm use to discount the project's cash flaws? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
tablea Debt,,a Equity,,b Discount rate,,
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