Mathematics, 05.08.2021 02:30 dedgefield

Being Human inc recently issued new securities to finance a new tv show. the project cost $13.7 million and the company paid $695,000 in flotation costs. in addition the equity issued had a flotation cost of 6.7 percent of the amount raised. if the company issued new securities in the same proportion as its target capital structure, what is the company's target debt-equity ratio?

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