You received partial credit in the previous attempt. A company has 10.1 million shares of common stock outstanding, 450,000 shares of 5 percent preferred stock outstanding, and 235,000 8.9 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $49 per share and has a beta of 1.55, the preferred stock currently sells for $99 per share, and the bonds have 15 years to maturity and sell for 116 percent of par. The market risk premium is 8.9 percent, T-bills are yielding 4 percent, and the company's tax rate is 38 percent. a. What is the firm's market value capital structure weights? (Do not round intermediate calculations. Round your answers to 4 decimal places, e.g., 0.1234.) Market value weight Debt Preferred stock Equity 4.43 5.05 17.8 b. If the company is evaluating a new investment project that has the same risk as its typical project, what rate should it use to discount the project's expected future cash flows? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.) Discount rate 12.61 %