You received no credit for this question in the previous attempt. Assume a firm's flotation costs are 7.8 percent of the funding need. Accordingly, when analyzing capital projects, the firm's managers should: Multiple Choice increase the initial project cost by dividing that cost by (1-.078). add 7.8 percent to the company's firm's WACC to determine the discount rate for the project. increase the initial project cost by multiplying that cost by 1.078. increase the project's discount rate to offset these expenses by multiplying the company's WACC by 1.078. increase the project's discount rate to offset these expenses by dividing the company's WACC by (1-.078)