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A business has a Debt / Equity ratio of 0.60. The flotation costs are 12% for new equity and 6% for borrowing. The business is
A business has a Debt / Equity ratio of 0.60. The flotation costs are 12% for new equity and 6% for borrowing. The business is considering a new investment that will require 5 million in external financing. What is the initial cost of the investment including the cost of flotation?
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