Titan Mining Corporation has 9.6 million shares of common stock outstanding and 310,000 6.5 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $45 per share and has a beta of 1.10, and the bonds have 20 years to maturity and sell for 92 percent of par. The market risk premium is 6 percent, T-bills are yielding 4 percent, and Titan Mining's tax rate is 20 percent.

a. What is the firm's market value capital structure?

Market value weight of debt?

Market value weight of 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?

Weighted average cost of capital(%)?