Question: Wiley Solutions Inc. must raise $15,000,000 to support future growth. If it raises funds by issuing stock. WS must pay an investment banker 5

Wiley Solutions Inc. must raise $15,000,000 to support future growth. If it raises funds by issuing stock. WS must pay an investment banker 5 percent of the total amount issued plus $200,000 in other costs associated with the issue. What total stock value must WS issue to net $15,000,000 after flotation costs expense?

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