A company is considering a project which has an initial startup cost of $755,474. The firm maintains a debt-to-equity ratio of 0.95. The flotation cost of debt is 7.25% and the flotation cost of external equity is 11.43%. 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?

	$782,158
	$801,712
	$821,266
	$840,820
	$860,374