Hartley, Inc. needs to purchase equipment for its drive-ins nationwide, and the project requires $2.1 million in external financing. The flotation costs of debt and equity are 3.0% and 6.3%, respectively. Hartley wished to maintain a debt-to-equity ratio of 1.3. What is the dollar flotation cost for the proposed financing? Multiple Choice $111,096 $72,115 $64,318