8) Dexter Enterprises needs to raise $20 million to fund its capital costs for the following year. Half of the company's $18 million in revenue from the previous year will be distributed as dividends. How much common stock would the company need to issue to raise the required $20 million if the CFO wishes to finance new investments using no more than 40% debt financing?

8) Dexter Enterprises needs to raise $20 million to fund its capital costs for the following year. Half of the company's $18 million in revenue from the previous year will be distributed as dividends. How much common stock would the company need to issue to raise the required $20 million if the CFO wishes to finance new investments using no more than 40% debt financing