P14-19 Calculating Flotation Costs [LO4] Southern Alliance Company needs to raise $25 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of 50 percent common stock, 9 percent preferred stock, and 41 percent debt. Flotation costs for issuing new common stock are 13 percent, for new preferred stock, 5 percent, and for new debt, 5 percent. What is the true initial cost figure Southern should use when evaluating its project? (Do not round your intermediate calculations.) O$26,373,626 $27,250,o00 O $28,571,428 $27472,527 o $23,083,333