Suppose your company needs $17 million to build a new assembly line. Your target det equity ratio is 75. The flotation cost for new equity is 10 percent and the flotation cost debt is 7 percent. Your boss has decided to fund the project by borrowing mone 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 raise externally? (Do not round intermediate calculations and enter your answer as percent rounded to 2 decimal places, e.g., 32.16.) b. What is the true cost of building the new assembly line after taking flotation costs in account? (Do not round intermediate calculations and enter your answer in dollar not millions of dollars, rounded to the nearest whole dollar amount, e. 1,234,567.)