Question 15 (1 point) A company is considering a project which has an initial startup cost of $781,270. The firm maintains a debt-to-equity ratio of 1.12. The flotation cost of debt is 8.42% and the flotation cost of external equity is 12.62%. The firm has sufficient internally generated equity to cover the equity cost of this project. What is the initial cost of the project including the flotation costs? $775,222 $795,623 $816,023 $836,424 $856,824 Previous Page Next Page Page 15 of 25