The Daily Brew has a debt-equity ratio of 0.5. The firm is analyzing a new project which requires an initial cash outlay of $450,000 for equipment. The flotation cost is 1.2 percent for equity and 6 percent for debt. What is the initial cost of the project including the flotation costs? 

Answer rating: 100% (QA)

3D As given debt equity ratio 05 Let equity debt so debt 05 x equity NOW De... View the full answer