Hartley, Inc. needs to purchase equipment for its drive$-$

ins nationwide, and the project requires $$2\mathrm{.}1$ million in

external financing. The flotation costs of debt and

equity are $3\mathrm{.}2\%$ and $6\mathrm{.}1\%,$ respectively. Hartley wished

to maintain a debt$-$to$-$equity ratio of $0\mathrm{.}7.$

What is the dollar flotation cost for the proposed

financing?