Your company is evaluating a new factory that will cost $24 million to build. Your target debt-equity ratio is 1.3. The flotation cost for new equity is 10% and the flotation cost for new debt is 3%. The company is planning to use retained earnings for 30% of the equity financing. Part 1 | Attempt 1/10 for 10 pts. What are the weighted average flotation costs as a fraction of the amount invested? 4+ decimals Submit - Attempt 1/10 for 10 pts. Part 2 What are the flotation costs (in $ million)? 3+ decimals Submit