p50253A Apps M Gmail YouTube Maps Assignment 9 (Chapter 14) 12 5 points Cully Company needs to raise $45 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of 60 percent common stock. 5 percent preferred stock, and 35 percent debt Flotation costs for issuing new common stock are 7 percent, for new preferred stock. 4 percent, and for new debt. 2 percent What is the true initial cost figure the company should use when evaluating its project? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole dollar amount, e.g., 1.234,567.) Skipped eBook Initial cost Print References