A Kinston firm faces direct costs of 8% of the amount of cash raised for new security sales. How much capital needs to be raised if initial project outlays total $6 million?

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The Answer of A Kinston firm faces direct costs of 8% of the amount of cash raised for new security sales. How much capital needs to be raised if initial project outlays total $6 million?

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