Titan Mining Corporation has $8\mathrm{.}5$ million shares of common stock outstanding and $250,0005$ percent semiannual bonds outstanding, par value $$1,000$ each. The common stock currently sells for $$34$ per share and has a beta of $1\mathrm{.}25,$ and the bonds have $15$ years to maturity and sell for $114$ percent of par. The market risk premium is $7\mathrm{.}5$ percent, T$-$bills are yielding $4$ percent, and Titan Mining$$s tax rate is $35$ percent.

a$.$

What is the firm's market value capital structure? $($Do not round intermediate calculations and round your final answers to $4$ decimal places. $($e$.$g$.,32\mathrm{.}1616))$

Weight

Debt

Equity

b$.$

If Titan Mining 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 round your final answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$