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Sheaves Corp. has a debt-equity ratio of 8 . The company is considering a new plant that will cost $103 million to bulld. When the

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Sheaves Corp. has a debt-equity ratio of 8 . The company is considering a new plant that will cost $103 million to bulld. When the company issues new equity, It incurs a flotation cost of 7.3 percent. The flotation cost on new debt is 28 percent. What is the weighted average flotation cost if the company ralses all equity externally? (Enter your answer as a percent and round to two decimals.) What is the Initlal cost of the plant if the company ralses all equity externally? (Enter your answer In dollars, not millions of dollars, e.g., 1,234,567. Do not round Intermedlate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) What is the initial cost of the plant if the company typically uses 55 percent retained earnings for equity financing? (Enter your answer In dollars, not millions of dollars, e.g., 1,234,567. Do not round Intermedlate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) What is the initial cost of the plant if the company typically uses 100 percent retained earnings for equity financing? (Enter your answer In dollars, not millions of dollars, e.g., 1,234,567. Do not round Intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)

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