Flat Beer Inc must raise $14,000,000 to support future growth. If it raises the funds by...

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Flat Beer Inc must raise $14,000,000 to support future growth.If it raises the funds by issuing stocks, Flat Beer must pay aninvestment banker 5 percent of the total amount issued plus$250,000 in other costs associated with the issue. What is thetotal dollar amount that needs to be raised?

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Flat Beer Inc must raise $14,000,000 to support future growth.If it raises the funds by issuing stocks, Flat Beer must pay aninvestment banker 5 percent of the total amount issued plus$250,000 in other costs associated with the issue. What is thetotal dollar amount that needs to be raised?

Flat Beer Inc must raise $14,000,000 to support future growth. If it raises the funds by...

90.2K

Verified Solution

Question

Finance

Flat Beer Inc must raise $14,000,000 to support future growth.If it raises the funds by issuing stocks, Flat Beer must pay aninvestment banker 5 percent of the total amount issued plus$250,000 in other costs associated with the issue. What is thetotal dollar amount that needs to be raised?

Answer & Explanation Solved by verified expert

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