Fairford Corp. has a debtequity ratio of 0.75. The company is considering a new plant that will cost $48 million to build. When the company issues new equity, it incurs a flotation cost of 8%. The flotation cost on new debt is 3.5%.

What is the initial cost of the plant if the company raises all equity externally? (Round the intermediate calculations to 4 decimal places. Round the final answer to the nearest whole dollar. Omit $ sign in your response.)

Initial cash flow $

What is the initial cost of the plant if the company typically uses 60% retained earnings? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Omit $ sign in your response.)

Initial cash flow $

What is the initial cost of the plant if the company typically uses 100% retained earnings? (Round the intermediate calculations to 4 decimal places. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Initial cash flow