Titan Mining Corporation has $6\mathrm{.}8$ million shares of common stock outstanding, $245,000$ shares of $4\mathrm{.}1$ percent preferred stock outstanding, and $130,000$ bonds with a semiannual coupon rate of $5\mathrm{.}8$ percent outstanding, par value $$1,000$ each. The common stock currently sells for $$68$ per share and has a beta of $1\mathrm{.}20,$ the preferred stock has a par value of $$100$ and currently sells for $$88$ per share, and the bonds have $17$ years to maturity and sell for $106$ percent of par. The market risk premium is $7\mathrm{.}6$ percent, T$-$bills are yielding $3\mathrm{.}6$ percent, and the company's tax rate is $23$ percent.

a$.$ What is the firm's market value capital structure? $($Do not round intermediate calculations and round your answers to $4$ decimal places, e$.$g$.,\mathrm{.}1616.)$

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? $($Do not round intermediate calculations enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$.$ Debt

$\backslash$table$[[,$Preferred stock,$],[,$Equity,$],[$b$.,$Discount rate,$]]$