Carey Trading is considering an all equity issue to finance new equipment which has a cost of $800 million. The issue costs of raising debt finance are equal to 1.5% and those for equity are equal to 2.25%. Its existing capital structure as represented by its debt to equity ratio is 1:1. Given this, approximately how large does the new capital raising issue have to be?

Group of answer choices

$815,245,000

$414,000

$15,245,000

$818,414,000

$18,245,000