A company is considering a project which has an initial startup cost of $781,270. The firm maintains a debt-to-equity ratio of 1.12. The flotation cost of debt is 8.42% and the flotation cost of external equity is 12.62%. The firm has sufficient internally generated equity to cover the equity cost of this project. What is the initial cost of the project including the flotation costs?

	$775,222
	$795,623
	$816,023
	$836,424
	$856,824