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Turtle Co. has a debt-to-equity ratio of 1.25. The company is considering building a new plant that will cost $300 million. When the company issues
Turtle Co. has a debt-to-equity ratio of 1.25. The company is considering building a new plant that will cost $300 million. When the company issues new equity, it incurs a flotation cost of 8%. The flotation cost on new debt is 4%.
Calculate the cost of the plant, including flotation costs. (Round to 2 decimals)
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