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The Daily Brew is analyzing a new project which requires an initial investment of $420,000 for equipment. The average flotation cost is 10.5 percent. What

The Daily Brew is analyzing a new project which requires an initial investment of $420,000 for equipment. The average flotation cost is 10.5 percent. What is the initial cost of the project including the flotation costs?

A. $380,090

B. $420,000

C. $464,100

D. $469,274

E. None of the above

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