You are considering a project which requires $$687,000$ in external financing. The flotation cost of equity is $10\%$ and the flotation cost of debt is $6\%.$ You wish to maintain a debt$-$equity ratio of $0\mathrm{.}55.$ What is the initial cost of the project including the flotation costs?

a$.$ $$642,113$

b$.$ $$656,008$

c$.$ $$711,209$

d$.$ $$751,482$

e$.$ $$818,406$