Titan Mining Corporation has 7.3 million shares of common stock outstanding, 220,000 shares of 4.5

percent preferred stock outstanding, and 120,000 6.2 percent semiannual bonds outstanding, par value

$1,000 each. The common stock currently sells for $46 per share and has a beta of 0.95, the preferred

stock currently sells for $91 per share, and the bonds have 15 years to maturity and sell for 107 percent of

par. The market risk premium is 7 percent, T-bills are yielding 3.6 percent, and Titan Minings tax rate is 35

percent.

a. What is the firms market value capital structure?

b. If Titan Mining is evaluating a new investment project that has the same risk as the firms typical

project, what rate should the firm use to discount the projects cash flows?

show work so i can learn please