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Titan Mining Corporation has 8.6 million shares of common stockoutstanding and 300,000 5 percent semiannual bonds outstanding, parvalue $1,000 each. The common stock currently sells for $34 pershare and has a beta of 1.3, and the bonds have 15 years tomaturity and sell for 115 percent of par. The market risk premiumis 7.4 percent, T-bills are yielding 3 percent, and the company’stax rate is 40 percent. a.What is the firm's market value capital structure? (Donot round intermediate calculations and round your answers to 4decimal places, e.g., 32.1616.)Weight Debt Equity b.If the company is evaluating a new investment project that hasthe same risk as the firm's typical project, what rate should thefirm use to discount the project's cash flows? (Do notround intermediate calculations and enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) Discount rate%