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Firestone Electric Inc., is an all equity firm that considering a project that requires an initial investment of $320,000. The company is planning to issue

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Firestone Electric Inc., is an all equity firm that considering a project that requires an initial investment of $320,000. The company is planning to issue equity to pay for the project. The flotation cost of equity of 8.67 percent. How much money the company should raise to cover both the flotation and the initial cos? $338,987.55 $365,654.24 co $370,456.72 $350,377.75

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