Hi, please send the correct answer for b part.

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III Sows What is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to que 3 Problem 14-16 Finding the WACC (L04) 10 points Raymond Mining Corporation has 9.4 million shares of common stock outstanding, 380,000 shares of 4% $100 par value preferred stock outstanding, and 161,000 7.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $42 per share and has a beta of 1.20, the preferred stock currently sells for $91 per share, and the bonds have 10 years to maturity and sell for 113% of par. The market risk premium is 8.2%, T-bills are ylelding 3%, and Raymond Mining's tax is 35%, a. What is the firm's market value capital structure? (Enter your answers in whole dollars.) Market value $ 181930000 Debt Equity $ 394800000 Preferred stock s 34580000 b. If Raymond 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? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 3 decimal places.) Discount rate 10.0285 X %