Sunny Day Manufacturing Company is considering investing in a one-year project that requires an initial investment of $500,000. To do s to issue new common stock and will incur a flotation cost of 2.00%. At the end of the year, the project is expected to produce a cash inflo $595,000. The rate of return that Sunny Day expects to earn on its project (net of its flotation costs) is (rounded to two de places) White Lion Homebuilders has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of t The company's earnings' and dividends' growth rate are expected to grow at the constant rate of 8.70% into the foreseeable future. If White expects to incur flotation costs of 5.00% of the value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new comm (rounded to two decimal places) should be Sunny Day Manufacturing Company Co.'s addition to earnings for this year is expected to be $857,000. Its target capital structure consists o debt, 5% preferred, and 55% equity. Determine Sunny Day Manufacturing Company's retained earnings breakpoint: O $1,714,000 ory $1,558,182 $1,869,818 $1,636,091