6. Suppose you had $30,000 to invest today in account that paid 7% tnterest compounded annually. How long would it take you to triple your money? How much less time would it take if the account compounded monthly? (20 Points) Bonus: The managers of NewPorte Properties, Inc. estimate that they need $4 miltion to support the company's expected growth. The owners and managers have decided that they should go public and issue stock to fund their expansion. The underwriting fees charged by the investment banking firm for which you work are 10.5% for such issue sizes. In addition, it is estimated that NewPorte will incur $50,000 in other expenses related to the IPO. If your analysis indicates that NewPorte's stock can be sold for $10.25 per share, how many shares must be issued to net the company the $4 million it needs? (Worth up to 10 points)