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Companies in aerospace industry face direct flotation costs of 5.5% of the amount of cash raised for new security sales. If $55 million needs to
Companies in aerospace industry face direct flotation costs of 5.5% of the amount of cash raised for new security sales. If $55 million needs to be raised for a new project, what is the amount of direct flotation costs? Multiple Choice $5.82 million $3.20 million $3.02 million $7.85 million $2.85 million
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