Cully Company needs to raise $27 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company hps a target capital structure of 65 percent common stock, 8 percent preferred stock, and 27 percent debt. Flotation costs for issuing new common stock are 10 percent, for new preferred stock, 5 percent, and for new debt. 6 percent. What is the true initial cost figure Southern should use when evaluating its project? K . Multiple Choice onces $30,695,234 $29,514,648 $28,334,062 $29,300,400 525.390,000 Prey 20 of 20 Ne MacBook Pro