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Hartley, Inc. needs to purchase equipment for its drive-ins nationwide, and the project requires ( $ 1.9 ) million in external financing. The flotation costs

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Hartley, Inc. needs to purchase equipment for its drive-ins nationwide, and the project requires \\( \\$ 1.9 \\) million in external financing. The flotation costs of debt and equity are \2.6 and \5.5, respectively. Hartley wished to maintain a debt-toequity ratio of 07. What is the dollar flotation cost for the proposed financing? Multiple Choice \\( \\$ 92,332 \\) \\( \\$ 116,270 \\) 563265

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