Suppose your company needs $$11$ million to build a new assembly line. Your target debtequity ratio is $45.$ The flotation cost for new equity is $11$ percent, but the flotation cost for debt is only $8$ percent. Your boss has decided to fund the project by borrowing money because the flotation costs are lower and the needed funds are relatively small.

a$.$ What is your company's weighted average flotation cost, assuming all equity is raised externally? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the true cost of building the new assembly line after taking flotation costs into account? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar, e$.$g$.1,234,567.)$

$\backslash$table$[[,],[$a$.,$Weighed average flotation cost,$],[$b$.,$True cost,$]]$

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