(Dividendpolicy and the issue of new shares of common stock)Your firm needs to raise $10.2million to finance its capital expenditures for the coming year. The firm earned $4.8million last year and will pay out half this amount in dividends. If thefirm's CFO wants to finance new investments using no more than 40percent debtfinancing, how much common stock will the firm have to issue to raise the needed $ 10.2million?

How much common stock will the firm have toissue? $____________________________million(Round to two decimalplaces.)