retum that Blue Hamster expects to eam on the project after its flotation costs are taken into account is Blue Hamster Manufacturing Inc. is considering a one-year project that requires an initial investment of $400,000; however, in raising this capital, Blue Hamster will incur an additional fotation cost of 6%. At the end of the year, the project is expected to produce a cash inflow of $520,000. The rate of return that Blue Hamster expects to earn on the project after its flotation costs are taken into account is