1.)Make sure to show your work outside excel for a thumbs up :) a.) AB Corp. (ABC) recently issued new securities to finance a project. The project cost $25 million and the firm paid a total of $1.5 million in flotation costs. The equity issued had a flotation cost of 7%, whereas the debt issued has a flotation cost of 3%. ABC issued new securities in the same proportion as its target capital structure (i.e., target debt-equity ratio). B.) Now you like to find ABCs target debt-equity ratio. First, let D/E = u. Then fill out the following part using all the information available so that the right-hand side of the equation includes only one unknown (i.e., u) C.) Given the information in a) and b), solve out for the target debt-equity ratio (i.e., u)