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The Daily Brew has a debt-equity ratio of .60. The firm is analyzing a new project that requires an initial cash outlay of $350,000 for

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The Daily Brew has a debt-equity ratio of .60. The firm is analyzing a new project that requires an initial cash outlay of $350,000 for equipment. The flotation cost is 10 percent for equity and 6 percent for debt. What is the initial cost of the project including the flotation costs? $382,514 $375,512 $342,556 $306,448 $347,568

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