You are evaluating a project that requires $5,00,000 additional capital. The flotation cost of equity is 10% and the flotation cost of debt is 6%. You maintain a debt-equity ratio of 0.60? Calculate the initial cost of the project including the floation costs. O a $601,250.65 O b. $610,300.15 O c. $546,448.09 O d. $598,500.15 O e $544,044.62