Please answer question 3 with steps on how to do it

Question 3 An investment bank is conducting an equity issuance to raise equityF capital for a manufacturing rm to nance its $126 million new project that has a present value of $188 million. The rm has a debt of $52.3 million in place. The average annual earnings of the rm has been $12.3 million. and EBITDA $21 million. PE and 1iv'l'EBI'I'IIUEt ratios of comparable rms without debt are 14 and 12.3, respectively. a) If the issuing rm requires increasing its existing shareholders" wealth by a minimum of 25% with the issuance and investment. what maximum issuance costs (Icing) can the investment bank charge? b) If the investment bank charges the 10:11th calculated above. what is the fraction of ownership does the rm need to sell to new investors? c) If the target share price after the issuance is $2] , how many shares need to be sold to new investors