The Daily Brew has a debt equity ratio of 0.72. The firm is analyzing a new project which requires an initial cash outlay of $420,000 for equipment. The floatation cost is 9.6% for equity and 5.4% for debt. What is the initial cost of the project including the floatation costs? A. $302,400 B. $368,924 C. $455,738 D. $456,400 E. $583,333