Question: ABC Inc. has a the capital structure shown below. Liabilities $60,000,000 Stockholders' Equity $40,000,000 Total Liabilities and Stockholders' Equity $100,000,000 ABC Inc. will raise additional

ABC Inc. has a the capital structure shown below.

Liabilities	$60,000,000
Stockholders' Equity	$40,000,000
Total Liabilities and Stockholders' Equity	$100,000,000

ABC Inc. will raise additional capital for new projects this year, in the amount of $13,020,275. Assuming the current capital structure is ideal, how much will the company have to raise in equity?

Do not round any intermediate calculations. Please round your answer to the nearest dollar.

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