Intro Your company is evaluating a new factory that will cost $30 million to build. Your target debt-equity ratio is 1.6 . The flotation cost for new equity is 8% and the flotation cost for new debt is 3%. The company is planning to use retained earnings for 60% of the equity financing. Part 1 Attempt 5/10 for 10 pts. What are the weighted average flotation costs as a fraction of the amount invested? Part 2 Attempt 1/10 for 10 pts. What are the flotation costs (in \$ million)? Intro Your company is evaluating a new factory that will cost $30 million to build. Your target debt-equity ratio is 1.6 . The flotation cost for new equity is 8% and the flotation cost for new debt is 3%. The company is planning to use retained earnings for 60% of the equity financing. Part 1 Attempt 5/10 for 10 pts. What are the weighted average flotation costs as a fraction of the amount invested? Part 2 Attempt 1/10 for 10 pts. What are the flotation costs (in \$ million)