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The expansion project at Zingerman requires an initial investment of $10,000,000. The target D/E ratio is 3/2 for the firm. Flotation costs are 10% for equity and 4% for debt. How much funds have to be raised for this project taking into account the flotation costs?

A. 9,360,000

B.10,640,000

C.10,683,761

D. 10,822,511

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91781165

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