Back to Assignment Attempts Keep the Highest 2 2. Problem 18-05 (Pricing Stock Issues in an IPO) eBook Problem Walk-Through Pricing Stock Issues in an IPO Zang Industries has hired the investment banking firm of Eric Schwartz, & Mann (ESM) to help it go publie Zang and E5M agree that Zong's current value of equity is $51 min Zang currently has 3 million shares outstanding and will issue 1 milion new shares. Es charges a 7% spread. what is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent. $ How much cash will Zang ruse net of the spread (use the rounded offer prica)? Write out your answer completely. For example, Station should be entered a 5,000,000. Round your answer to the nearest dollar $