Problem Set 4 Search this cours 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 (ESMto hupito public ang and ESM agree that Zang's current value of culty is $65 million Zang currently has 5 million shares outstanding and will issue 2 million new shares. ESM charges a 9% 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 raise net of the spread (use 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