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Please explain. A firm has 45% debt, debt flotation costs of 6%, equity flotation costs of 12%, and wants to raise $7,700, not including flotation
Please explain.
A firm has 45% debt, debt flotation costs of 6%, equity flotation costs of 12%, and wants to raise $7,700, not including flotation costs. What are the flotation costs? $3,900 $2,890 $4,910 0 $4,000 A firm has 45% debt, debt flotation costs of 6%, equity flotation costs of 12%, and wants to raise $7,700, not including flotation costs. What are the flotation costs? $3,900 $2,890 $4,910 0 $4,000Step by Step Solution
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