Intro Your company is evaluating a new factory that will cost $31 million to build. Your target debt-equity ratio is 0.6. The flotation cost for new equity is 10% and the flotation cost for new debt is 3%. The company is planning to use retained earnings for 40% of the equity financing. Part 1 Attempt 1/1 What are the weighted average flotation costs as a fraction of the amount invested? 4+ decimals Save Attempt 1/1 Part 2 What are the flotation costs (in $ million)? 2+ decimals Save