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use excel formulas Lingenburger Cheese Corporation has 6.4 million shares of common stock outstanding, 200,000 shares of 3.8 percent preferred stock outstanding, par value of

use excel formulas
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Lingenburger Cheese Corporation has 6.4 million shares of common stock outstanding, 200,000 shares of 3.8 percent preferred stock outstanding, par value of $100, and 120,000 bonds with a semiannual coupon of 4.8 percent outstanding, par value $1,000 each. The common stock currently sells for $54 per share and has a beta of 1.08 , the preferred stock currently sells for $103 per share, and the bonds have 15 years to maturity and sell for 107 percent of par. The market risk premium is 7.5 percent, T-bills are yielding 2.4 percent, and the company's tax rate is 22 percent. What is the firm's market value capital structure? If the company 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? \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{3} \\ \hline 4 & Input Area: & \\ \hline 5 & & \\ \hline 6 & Debt & \\ \hline 7 & Bonds outstanding & 120,000 \\ \hline 8 & Settlement date & 1/1/2020 \\ \hline 9 & Maturity date & 1/1/2045 \\ \hline 10 & Annual coupon rate & 4.80% \\ \hline 11 & Coupons per year & 2 \\ \hline 12 & Bond price ( % of par) & 107 \\ \hline 13 & Redemption ( % of par) & 100 \\ \hline 14 & Par value (\$) & $1,000 \\ \hline 15 & Common stock & \\ \hline 16 & Shares outstanding & 6,400,000 \\ \hline 17 & Beta & 1.08 \\ \hline 18 & Share price & $54 \\ \hline 19 & Preferred stock outstanding & \\ \hline 20 & Shares outstanding & 200,000 \\ \hline 21 & Coupon rate & 3.80% \\ \hline 22 & Par value & $100 \\ \hline 23 & Share price & $103 \\ \hline 24 & Market & \\ \hline 25 & Market risk premium & 7.50% \\ \hline 26 & Risk-free rate & 2.40% \\ \hline 27 & Tax rate & 22% \\ \hline \end{tabular} (Use cells A6 to B27 from the given information to complete this question. You must use the bulit-in Excel function to answer this question. Leave the "Basis" input blank in the function. You may enter a constant as a hard coded value.)

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