Titan Mining Corporation has $8\mathrm{.}5$ million shares of common stock outstanding and $200,0007\mathrm{.}5$ percent semiannual bonds outstanding, par value $$1,000$ each. The common stock currently sells for $$34$ per share and has a beta of $1\mathrm{.}20,$ and the bonds have $15$ years to maturity and sell for $93$ percent of par.The market risk premium is $7$ percent, T$-$bills are yielding $5$ percent, and Titan Mining's tax rate is $35$ percent. a$.$ What is the firm's market value capital structure? 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?