Please answer why the weight of equity is multiplied by 0. Shouldn't it be multiplied by the flotation cost for new equity which is 9%?

19. WWE Inc needs $42 million to build a new indoor stadium. The target debt/equity ratio is 0.60 . The flotation cost for new equity is 9 percent and the flotation cost for debt is 4 percent. Steve McMahon, the CEO, is planning to use retained earning to finance equity financing part of the project while maintaining the target capital structure. The true cost of building the new indoor stadium after taking flotation costs in consideration is: A. $45.22 million B. $44.99 million C. $43.68 million D. $43.03 million E. $42.64 million D/E=0.6 leads to D/V=0.6/1.6=0.375 Weighted average flotation cost =WDXfD+WEXfE=0.3754%+(10.375)0=1.5% True cost =$42 million /(11.5%)=$42.6396 million