Suppose your company needs 10 million to build a new assembly line. Your target debt-equity ratio is 0.4. The flotation cost for new equity is 10 percent, but the flotation cost for debt is only 7 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.

Average flotation cost = 9.14%

True cost of building the new assembly line after taking flotation costs into account? I calculate 10914000 (round final answer to nearest whole dollar amount) but this is incorrect..please help