Question: The Lingo Co . has a debt - equity ratio of 0 . 6 0 . The firm is analyzing a new project which requires

The Lingo Co. has a debt-equity ratio of 0.60. The firm is analyzing a new project which requires an initial cash outlay of $450,000 for new equipment. The flotation cost for new equity is 10% and for debt is 5%. What is the initial cost of the project including the flotation costs?Multiple Choice$413,438$483,750$486,486$486,563$489,796

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