Question: Need step by step instructions. ally 9- Caughlin Company needs to raise $55 million to start a new project. They have a target capital structure

Need step by step instructions. ally 9- Caughlin Company needs to

Need step by step instructions.

raise $55 million to start a new project. They have a target

ally 9- Caughlin Company needs to raise $55 million to start a new project. They have a target capital structure of 70% common stock, 5% preferred stock, and 25% debt. Flotation costs for issuing new common stock are 9%, 6% for preferred stock, and 3% for debt. What is the true initial cost figure the company should use when evaluating this project

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