Southern Alliance Company needs to raise $22 million to start a new project and will raise the money by selling new bonds (D). The company will generate internal equity (E) for the foreseeable future. The company has a target capital structure of 65 percent common stock (WE), 9 percent preferred stock (wp), and 26 percent debt (wo). Flotation costs for issuing new common stock are 9 percent, for new preferred stock, 6 percent, and for new debt, 6 percent. What is the true initial cost figure Southern should use when evaluating its project? (Do not round your intermediate calculations.) Multiple Choice O $24.856,056 $23,900,054 O O $20,460,000 O $23.749.000 O