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You are considering a project which requires $175,000 in external financing. The flotation cost of equity is 6.0% and the flotation cost of debt is

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You are considering a project which requires $175,000 in external financing. The flotation cost of equity is 6.0% and the flotation cost of debt is 2%. You wish to maintain a debt-equity ratio of 0.7 . What is the initial cost of the project including the flotation costs? Multiple Choice $131,734 $197.601 $208,579 $182,964 $248,831

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