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Perform the operation and simplify, expressing answer with a positive exponent in lowest terms:
Flotation Cost
Flotation cost refers to the total expenses incurred by a company in issuing new securities, including underwriting, legal, registration, and other associated fees.
Debt-Equity Ratio
An indicator of a corporation's use of debt financing, determined by dividing its overall debts by the equity of its shareholders.
External Financing
Funds a business obtains from outside the company, including loans, equity investments, and other financial instruments.
After-Tax Cost
The net cost of an expense or investment after the effects of taxes have been accounted for.
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