Total dollars of flotation costs

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A firm faces direct costs of 8% of the amount of cash raised for new security sales. If $6 million needs to be raised for a new project, what is the total dollars of flotation costs?

Reference no: EM131627682

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Total dollars of flotation costs : A firm faces direct costs of 8% of the amount of cash raised for new security sales. If $6 million needs to be raised for a new project.
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