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Indah Wangi Corporation has a debt equity ratio of 0.72. The firm is analyzing a new project which requires an initial cash outlay of RM420,000

Indah Wangi Corporation has a debt equity ratio of 0.72. The firm is analyzing a new project which requires an initial cash outlay of RM420,000 for equipment. The floatation cost is 9.6 percent for equity and 5.4 % for debt. What is the initial cost of the project including the floatation cost?

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