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Titan Mining Corporation has 9 million shares of common stock outstanding. 250.000 shares of 6 percent preferred stock outstanding, and 105.000 7.5 percent semiannual bonds

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Titan Mining Corporation has 9 million shares of common stock outstanding. 250.000 shares of 6 percent preferred stock outstanding, and 105.000 7.5 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $34 per share and has a beta of 1.25. the preferred stock currently sells for $91 per share, and the bonds have 15 years to maturity and sell for 93 percent of par. The market risk premium is 8.5 percent. T-bills are yielding 5 percent, and Titan Mining's tax rate is 35 percent. (a) The firm's market value capital structure is as follows: D/V is, E/V is, and P/V is (Round your answers to 4 decimal places. (e.g., 32.1616)) (b) If Titan Mining is evaluating a new investment project that has the same risk as the firm's typical project, the firm should use a rate of percent to discount the project's cash flows. (Do not include the percent sign (%). (Round your answer to 2 decimal places. (e.g., 32.16))

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