Assume the initial costs of a project, CF0, are $38,000 and the weighted average flotation cost, fA, is 6.7 percent. How is the flotation-adjusted CF0 computed?

a) $38,000 - (6.7% of $38,000)
b) $38,000 + (6.7% of $38,000)
c) $38,000 x (6.7% of $38,000)
d) $38,000 ÷ (6.7% of $38,000)