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The Southern Home Cookin is analyzing a new project. This project requires an initial investment of $380,000 for equipment and has an average of flotation
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The Southern Home Cookin is analyzing a new project. This project requires an initial investment of $380,000 for equipment and has an average of flotation cost of 11.8%. What is the initial cost of the project including the flotation costs?
A. $380,090
B. $430,839
C. $464,100
D. $469,274
E. None of the above
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