please round to 2 decimals

Herriman Solutions needs $14.4 million to build a new assembly line. The companys farget debt-equity ratio is 1,08 . The flotation oost for new equity is 10.2 percent, but the floatation cost for debt is only 5.7 percent. The compeny has estifient resources to finance the equity portion of the assembly line intemally. What is the true cost of building the new assembly line after taking flotation oosts into account? Total initial cost =$