Question 3 Homework. Unanswered Hibiscus Co has a debt-equity ratio of 0.80. The firm is analyzing a new project which requires an initial cash outlay of $300,000 for new equipment. The flotation cost for new equity is 9% and for debt 4.95%. What is the initial cost of the project including the flotation costs? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $317,125 b $320,850 $321,020 d $322,580 e $323,275