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JP Morgan has a debt-equity ratio of .45. The firm is assessing a new project that requires an initial cash outlay of $250,000 for
JP Morgan has a debt-equity ratio of .45. The firm is assessing a new project that requires an initial cash outlay of $250,000 for equipment. The flotation cost is 9.1 percent for equity and 4.4 percent for debt. What is the initial cost of the project including the flotation costs?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
