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Axon Industries needs to raise $3,000,000 USDs for a new investment project. If the firm issues 1-year debt, it may have to pay an interest

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"Axon Industries needs to raise $3,000,000 USDs for a new investment project. If the firm issues 1-year debt, it may have to pay an interest rate of 8%, although Axon's managers believe that 7.5% would be a fair rate given the level of risk. If the firm Issues equity, they believe the equity may be underpriced by 9.5%. What is the cost (in USDs) to current shareholders of financing the project out of equity? Note: Express your answers in strictly numerical terms. For example, if the answer is $500. enter 500 as an

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