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Your company has a target debt-to-equity ratio of 0.65 and is considering a new $30 Million expansion for its national chain of driving ranges. Your
Your company has a target debt-to-equity ratio of 0.65 and is considering a new $30 Million expansion for its national chain of driving ranges. Your usual investment banker has quoted you flotation costs of 6% and 3% on your equity and debt, respectively. No new Net Working Capital investment will be required for the project. What should be your Initial Cash Outflow on your timeline? (round to the nearest dollar)
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