9. The Daily Brew is analyzing a new project which requires an initial investment of...
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9. The Daily Brew is analyzing a new project which requires an initial investment of $420,000 for equipment. The average flotation cost is 10.5 percent. What is the initial cost of the project including the flotation costs?
A. $380,090
B. $420,000
C. $464,100
D. $469,274
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