Titan Mining Corporation has 8.2 million shares of common stock outstanding, 260,000 4 percent preferred shares outstanding, and 140,000 7 percent semi-annual bonds outstanding, each with a face value of $1,000. The common shares currently sell for $30 per share and have a beta of 1.10, the preferred shares currently sell for $80 per share, and the bonds have 10 years to maturity and sell at 110 percent of par. The market risk premium is 7 percent, Treasury bills yield 3 percent, and the company's tax rate is 38 percent.

a.	What is the company's market value capital structure? (Do not round intermediate calculations. Round your answers to 4 decimal places, for example, 32.1616.)

	Market value weight
Debt
Preferred stock
Equity

b.

If the company is evaluating a new investment project that has the same risk as the company's typical project, what rate should the company use to discount the project's cash flows? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places, for example, 32.16.)

Discount rate

%