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QUESTION 9 Turtle Co. has a debt-to-equity ratio of 1.50. The company is considering a new plant that will cost $350 million to build.

QUESTION 9 Turtle Co. has a debt-to-equity ratio of 1.50. The company is considering a new plant that will cost $350 million to build. When the company issues new equity, it incurs a flotation cost of 10%. The flotation cost on new debt is 3%. Calculate the cost of the plant including flotation costs. (Round to 2 decimals) 5 points

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