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Trower Corp. has a debt?equity ratio of 0.85. The company is considering a new plant that will cost $104 million to build. When the company

Trower Corp. has a debt?equity ratio of 0.85. The company is considering a new plant that will cost $104 million to build. When the company issues new equity, it incurs a flotation cost of 7.4 percent. The flotation cost on new debt is 2.9 percent.

what is the cost of the new plant fter considering flotation costs

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