A company is considering a project which has an initial startup cost of $783,534. The firm maintains a debt-to-equity ratio of 1.10. The flotation cost of debt is 8.45% and the flotation cost of external equity is 12.63%. 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? $797,759 $818,215 $838,670 $859,125 $879,581