euro coporation is financing an onging construction project the firm will need $ 5,000,000of new capital during each of the next 3 years .the firm has a choice if issueing new debt or equity each year as the funds are needed or issue only debt now and equity later, its target capital structure is 40%debt and 60%b equity and it want to be at that structure in 3 years when the project has been completed debt flotation cost for a single debt issue would be 1.6% of the gross debt proceed.yearly flotation costs for the seoaration issues of debt would be3.0% of the gross amount.ignoring time valueeffect how much would the firm save by raising all of the debt in a single issue rather than in three seperate issues?