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a JP Morgan has a debt-equity ratio of .45. The firm is assessing a new project that requires an initial cash outlay of $250,000 for

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a JP Morgan has a debt-equity ratio of .45. The firm is assessing a new project that requires an initial cash outlay of $250,000 for equipment. The flotation cost is 9.1 percent for equity and 4.4 percent for debt. What is the initial cost of the project including the flotation costs? $318,924 $280,758 269,103 $302,400 $256,700

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