A company is considering a $$100m$ investment. It will be financed with $40\%$ debt and $60\%$ common equity. The firm's investment banker flotation costs for the debt is $6\mathrm{.}5\%$ and $13\mathrm{.}5\%$ for the equity. The project is estimated to generate future CFs that are valued at $$118$ million.

Calculate NPV adjusted for fotations

$$6\mathrm{.}02$ million

$$8\mathrm{.}04$ million

$$10\mathrm{.}50$ million

$$12\mathrm{.}64$ million