A Montreal 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?

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The Answer of A Montreal 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?

A Montreal Firm Faces Direct Costs of 8% of the Amount