Four Wheels requires $1.75 million to finance a new project and has decided to raise the funds through a seasoned stock offering. Assume that the company will incur $140,000 in overhead costs and will pay 8.63 percent of gross revenue in direct costs. How much does the company need to raise in total to cover all costs and finance the new project?

Answer rating: 100% (QA)

Total Costs Overhead Costs Direct Costs Total Co... View the full answer