TB $14-372$ Mortuza Co$.$ is operating at its target capital str$...$

Mortuza Co$.$ is operating at its target capital structure with market values of $$110$ million in equity and $$175$ million in

debt outstanding. Mortuza Co$.$ plans to finance a new $$32$ million project using the same relative weights of debt and

equity. Ignoring flotation costs, how much new equity must be issued to fund the project?

Multiple Choice

$$10,416,667$

$$15,000,000$

$$14,583,333$

$$19,667,667$

$$25,000,000$