Note: Please on First question round your answer to the nearest cent

on second question round your answer to the nearest dollar

Thank you

Problem Set 4 x X Back to Assignment Attempts Keep the Highest / 2 2. Problem 18-05 (Pricing Stock Issues in an IPO) Problem Walk-Through Pricing Stock Issues in an IPO Zang Industries has hired the investment banking firm of Eric, Schwartz, a Mann (ESM) to help it go public. Zang and es agree that Zang's current value of equity is 565 million Zang currently has 5 million shares outstanding and will issue 1 million new shares. Es charges a 7. spread. what is the correctly valund offer price? Do not round Intermediate calculations. Round your answer to the nearest cent. $ How much cash will tang raise net of the spread (we the rounded offer price? Write out your answer completely. For example, 5 million should be entered as 5,000,000, Round your answer to the nearest dollar $ Grade it Now Save & Continue Continue without saving