9. What are some of the alternative sources from which private companies can raise equity capital? 10. Fleming Educational Software, Inc., is selling 500,000 shares of stock in an auction IPO. At the end of the bidding period, Fleming's investment bank has received the following bids: Price($) Number of Shares Bid 8.00 25,000 7.75 100,000 7.50 75,000 7.25 150.000 150,000 6.75 275.000 125.000 7.00 6.50 11. NRG Energy, Inc. (NRG) is an energy company with a market debt-equity ratio of 3. Suppose its current debt cost of capital is 6%, and its equity cost of capital is 14%. Suppose also that if NRG issues equity and uses the proceeds to repay its debt and reduce its debt-equity ratio to 2, it will lower its debt cost of capital to 5.5%. With perfect capital markets, what effect will this transaction have on NRG's equity cost of capital and WACC? What would happen if NRG issues even more equity and pays off its debt completely? How would these alternative capital structures affect NRG's enterprise value