You are evaluating a project that requires $$600,000$ in external financing. The flotation cost of equity is $8$ pencent and the flotation cost of debt is $5$ percent. What is the initial cost of the project including the flotation costs if you maintain a debt$-$equity ratio of $60?$

$$ $$620,621$

$$ $$588,754$

$$644,295$

$$544,375$

$$ $$606,875$