Please complete all parts of problem #11 (week 13/14)

11A) Your company is evaluating a new factory that will cost $10 million to build. Your target debt-equity ratio is 0.4. The flotation cost for new equity is 8% and the flotation cost for new debt is 4%. The company is planning to use retained earnings for 40% of the equity financing. What are the weighted average flotation costs as a fraction of the amount invested?

11B) What are the flotation costs (in $ million)?