Question 12 15 pts (Chapter 13 - Short answer question) BMI Inc. is considering a project with an initial investment of $1,100,000. The presente of the future cash flows of the project is $1,175,000. The company can issue equity at a flotation cost of 9.76 percent and debt at 6.93 percent. The firm currently has a debt-equity ratio of 0.60. The form is considering two scenarios. First, all funds will be raised externally. Second, seventy Izol percent of equity will come from retained earnings.internal sources. What should the form use as their weighted average flotation cost for the two scenarios? If the firm has to invest $1,100,000 in the project how much money does it have to raise (round to the nearest dollar) in the two scenarios? Should the firm invest in the project if (a) there were no floatation costs (b) in the first scenario and (c) in the second scenario.? Credit will only be given if you rovide numerical support for your answers