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Quality Machine Rental needs $1,900,000 for a capital project that has been approved by the board. Qualitys weighted average flotation costs are 2.23%. What is

  1. Quality Machine Rental needs $1,900,000 for a capital project that has been approved by the board. Qualitys weighted average flotation costs are 2.23%. What is the amount that the investment bank will have to raise for Quality in order to cover its capital needs and the fees?

Amount to Raise________________________

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