The L5 Corporation is considering an equity issue to finance a new space station. A total...
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The L5 Corporation is considering an equity issue to finance a new space station. A total of $15 million in new equity is needed. If the direct costs are estimated at 7% of the amount raised, how large does the issue need to be? What is the dollar amount of the flotation cost? The L5 Corporation is considering an equity issue to finance a new space station. A total of $15 million in new equity is needed. If the direct costs are estimated at 7% of the amount raised, how large does the issue need to be? What is the dollar amount of the flotation cost?
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Issue size amount should be Amount to be raised 1 Floatation cost in ... View the full answer
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date:
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