Question 13 2 pts A project requires an initial investment of $26 million. The target D/E ratio is 1.5. Flotation costs for equity are 10% and flotation costs for debt are 3%. What is the true cost (in dollars) of the project when you consider flotation costs? $13.06 million $21.78 million $28.02 million $27.60 million $29.27 million