Question: It is now 2 0 2 3 and you need to raise additional capital to expand your business. You have decided to take your firm

It is now

2023

and you need to raise additional capital to expand your business. You have decided to take your firm public through an IPO. You would like to issue an additional

5.0

million new shares through this IPO. Assuming that your firm successfully completes its

IPO, you forecast that

2023

net income will be

7.5

million.

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