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Hartley, inc. needs to purchase equipment for its drive-ins nationwide, and the project requires $18 million in external financing The flotation costs of debt and

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Hartley, inc. needs to purchase equipment for its drive-ins nationwide, and the project requires $18 million in external financing The flotation costs of debt and equity are 24% and 6.0%, respectively. Hartley wished to maintain a debt-to-equity ratio of 07 . What is the dollar flotation cost for the proposed financing? Multiple Choice $85,165 $63022 597,088 $56,209

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