A company is considering a project which has an initial startup cost of $777,922. The firm maintains a debt-to-equity ratio of 1.07. The flotation cost of debt is 8.21% and the flotation cost of external equity is 12.39%. The firm has sufficient internally generated equity to cover the equity cost of this project. What is the initial cost of the project including the flotation costs? $750,115 $770,389 $790,662 $810,936 $831,209