Bob's Burgers needs to finance the renovation of existing restaurants. The company has a target debt to equity ratio of two, but has decided to issue bonds to pay for the renovations. The flotation cost is computed as: Multiple Choice A weighted average based on the current book values of the firm's debt and equity. o Two-thirds of the flotation cost of debt plus one-third of the flotation cost of equity. o The flotation cost of equity. o o The arithmetic average of the flotation costs of both debt and equity. The flotation cost of debt. o