Titan Mining Corporation has 5 million shares of common stock outstanding and 1 million 5.8% quarterly bonds outstanding. The common stock currently sells for $ 90 per share and has a beta of 0.57. The bonds have 15 years remaining till maturity, and sell for 110% of par. The market risk premium is 6.5%, T-bills are yielding 5%, and Titans tax rate is 40%. Currently, the firm also has 100,000 shares of 7.5 % preferred stock selling for $ 105 per share. Floatation costs for 3% for preferred stock.

Assume that the firm has to raise new preferred equity to finance new ventures and that it will finance common equity through retained earnings.

What is the firms market value capital structure?