eBook Video Pricing Stock Issues in an IPO Dode Industries has hired the investment banking firm of Eric, Schwartz, & Mann (ESM) to help it go public. Dode and ESM agree that Dode's current value of equity is $62 million. Dode currently has 3 million shares outstanding and will issue 1 million new shares. ESM charges a 9% spread What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent. $ How much cash will Dode raise net of the spread (use the rounded offer price)? Round your answer to the nearest dollar. $