Multiple Choice $120,801.25 $118,211.17 $122,674.09 $119,497.79 $120,455.54

Banh Mi and More needs $110,000 for a new project. The firm has a target capital structure of 30 percent debt and 70 percent external equity. The flotation cost of debt is 5.25 percent compared to 1015 percent for equity. What amount does the firm need to raise? Multiple Choice O O O O O $120,801.25 $118,211" 312267409 3119.49779 $120,455.54