A company is considering a project which has an initial startup cost of $761,086.The firm maintains a debt-to-equity ratio of 0.98.The flotation cost of debt is 7.49% and the flotation cost of external equity is 11.67%.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?

Question 23 options:

$749,836

$769,568

$789,301

$809,033

$828,766