Please include all work and calculations used whether in excel or by hand. Thank you!

16. Finding the WACC [LO3] Titan Mining Corporation has 7.3 million shares of common stock outstanding, 220,000 shares of 4.5 percent preferred stock outstand- ing, and 120,000 6.5 percent semiannual bonds outstanding. par value $1,000 each. The common stock currently sells for $46 per share and has a beta of .95, the pre- ferred stock currently sells for $91 per share, and the bonds have 15 years to maturity and sell for 107 percent of par. The market risk premium is 7 percent, T-bills are yielding 3.6 percent, and the company's tax rate is 35 percent. a. What is the firm's market value capital structure? b. 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