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The Baseline Corporation is planning to raise $14 million to finance a new project. Currently,...

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Accounting

The Baseline Corporation is planning to raise $14 million to finance a new project. Currently, the company has a D/E ratio of .55, which will be the target for any new money raised. The expected flotation rates are 3.5% for debt and 4.75% for equity. How much will the company pay, in dollars, for flotation charges?

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