Question: You are evaluating a project that requires $1,000,000 in external financing. The flotation cost of 21. equity is 7 percent and the flotation cost of

You are evaluating a project that requires $1,000,000 in external financing. The flotation cost of 21. equity is 7 percent and the flotation cost of debt is 3 percent. What is the initial cost of the project including the flotation costs if you maintain a debt-equity ratio of 0.25? $993,553 $1,177,043 $1,277,021 $1,066,098 $1,377,056 2:ABCDE

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