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Turtle Co . has a total debt ratio of 0 . 7 8 . The company is considering building a new plant for $ 7

Turtle Co. has a total debt ratio of 0.78. The company is considering building a new plant for $75 million. When the company issues new equity, it incurs a flotation cost of 9%. The flotation cost on new debt is 4%. Calculate the weighted average flotation costs and Calculate the cost of the plant, including flotation costs.

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