Question: please answer both parts right Problem 17 Intro Your company is evaluating a new factory that will cost $22 million to build. Your target debt-equity

please answer both parts right

Problem 17 Intro Your company is evaluating a new factory that will cost $22 million to build. Your target debt-equity ratio is 0.3. The flotation cost for new equity is 6% and the flotation cost for new debt is 5%. The company is planning to use retained earnings for 60% of the equity financing. Part 1 Attempt 2/10 for 9 pts. What are the weighted average flotation costs as a fraction of the amount invested? 4+ decimal I Previous answers: 5.7% Submit Part 2 What are the flotation costs (in $ million)? - Attempt 3/10 for 8 pts. 2+ decimals, Previous answers: 33; 330000 Submit

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