Concept:
To find the sum of all coefficients in a polynomial or binomial expansion, substitute every variable in the expression with 1.
Step 1: Substitute \( x = 1 \) into the expression.
\[ \text{Sum of coefficients} = \left( \frac{1}{1} + 2(1) \right)^6 \]
Step 2: Simplify the base.
\[ (1 + 2)^6 = 3^6 \]
Step 3: Calculate the final value.
\[ 3^1 = 3, 3^2 = 9, 3^3 = 27, 3^4 = 81, 3^5 = 243, 3^6 = 729 \]