ABC, c. has a debt-equity ratio of 0.7. The firm is analyzing a new project which requires an inmal cash outlay of $350,000 for new equipment. The floation cast for new What is the initial cost of the project including the flotation costs? Cho O 0 SETTING ABC, Inc. has a debt-equity ratio of 07. The firm is analyzing a new project which requires an initial cash outlay of $350,000 for new equipment. The fetation cost for new equity is 72% and for debt 32% What is the initial cost of the project including the flotation costs? Multiple Choice $370.57 $301570 $40022 30