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LeonardoCo.has a debt to equity ratio of0.65.The company is considering a new plant that will cost$250million to build.When the company issues new equity,it incurs a

LeonardoCo.has a debt to equity ratio of0.65.The company is considering a new plant that will cost$250million to build.When the company issues new equity,it incurs a flotation cost of7%.The flotation cost on new debt is3%.

****Calculate the cost of the plant including flotation costs. (Round to 2 decimals)

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