17. Mayweather Corp. has a debt-equity ration of 0.75, the firm is considering a new plant that will cost $48 million to build. When the company issues new equity, it incurs a floatation cost of 8%. The floatation cost on new debt is 3.5%. what is the initial cost of the plant if the company raises all equity externally? a) $30,450,909 b) $51,101,884 c) $33,000,997 d) $68,700,976