Question $4($WACC$)$: Titan Mining Corporation has $8\mathrm{.}5$ million shares of common stock outstanding and $250,0008$ percent annual coupon bonds outstanding, par value $\backslash (\backslash$$ $1,000\backslash )$ each. The common stock currently sells for $\backslash (\backslash$$ $34\backslash )$ per share and has a beta of $1\mathrm{.}20,$ and the bonds have $15$ years to maturity and sell for $93$ percent of par. The market risk premium is $7$ percent, T$-$bills are yielding $5$ percent, and Titan Mining's tax rate is $\backslash (\backslash$mathbf$\{40\}\backslash )$ percent. a$.$ What is the firm's market value capital structure? $(10$ points$)$ b$.$ If Titan 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? $(10$ points$)$