Zee's Toy Store Needs $242,000 for Expansion

Zee's Toy Store needs $242,000 for expansion.The firm has a target capital structure of 45 percent debt and 55 percent external equity.The flotation cost of debt is 5.2 percent compared to 8.5 percent for equity.What amount does the firm need to raise to fund the expansion?

A) $301,773.00
B) $299,716.00
C) $260,257.03
D) $233,333.33
E) $286,111.75