Intro Your company is evaluating a new factory that will cost $20 million to build. Your target debt-equity ratio is 1.3 The flotation cost for new equity is 8% and the flotation cost for new debt is 5%. The company is planning to use retained earnings for 50% of the equity financing. Part 1 Attempt 1/6 for 10pts. What are the weighted average flotation costs as a fraction of the amount invested? Part 2 Attempt 1/6 for 10pts. What are the fotation costs (in \$ million)