connect.mheducation.com/connect/eztassignment/previewAssignm... # Mne identity Theft Mon Retirement Misc Jobs Cards Banks Other Question 7 (of 8) > Award: 12.50 points Problems? Adjust credit for all students. Problem 13-14 Calculating Flotation Costs Suppose your company needs $14 million to build a new assembly line. Your target debt-equity fltio is 6. The flotation cost for new equity is 7 percent and the folation cost for debt is 4 percent. Your boss has decided to fund the project by borrowing money because the fotation costs are lower and the needed funds are relatively small a. What is your company's weighted average flotation cost, assuming all equity is raised externally? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimat places. e... 32. 16.) b. What is the true cost of building the new assembly line after taking totalion costs into account? (Do not round Intermediate calculations and enter your answer in dollars. not millions of dollars, rounded to the nearest whole dollar amount. 1.234,567) Flotation cost Amount raised 5.88 5 14.873.838 b. Explanation Note Infomediate anware shown below as roanded, but the follower was und to completa the calcul The Dancewoond quia DD JB AB