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A project requires an initial investment of $12 million. The target D/E ratio is 1.5. Flotation costs for equity are 10% and flotation costs for
A project requires an initial investment of $12 million. The target D/E ratio is 1.5. Flotation costs for equity are 10% and flotation costs for debt are 3%, what is the true cost (in dollars) of the project when you consider flotation costs? $13.51 million $12.74 million $13.50 million $12.93 million $12.83 million
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