Titan Mining Corporation has $6\mathrm{.}2$ million shares of common stock outstanding, $215,000$

shares of $3\mathrm{.}5$ percent preferred stock outstanding, and $100,000$ bonds with a semiannual

coupon rate of $5\mathrm{.}2$ percent outstanding, par value $$1,000$ each. The common stock

currently sells for $$74$ per share and has a beta of $1\mathrm{.}10,$ the preferred stock has a par

value of $$100$ and currently sells for $$82$ per share, and the bonds have $16$ years to

maturity and sell for $106$ percent of par. The market risk premium is $6\mathrm{.}9$ percent, T$-$bills

are yielding $2\mathrm{.}9$ 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 enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$