What if it typically uses 40% of retained earnings? ou must show the steps

Donovan Inc. has a debt-equity ratio of 0_5_ The company is considering a new plant that will cost $50 million to build. When the company issues new equity, it incurs a flotation cost of 5% The flotation cost of new debt is 3%. What is the initial cost of the plant if the company raises all capital externally? What if it typically uses 40% of retained earnings? You must show the steps. Short Answer Toolbar navigation A