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Flat Beer Inc must raise $14,000,000 to support future growth. If it raises the funds by issuing stocks, Flat Beer must pay an investment banker
Flat Beer Inc must raise $14,000,000 to support future growth. If it raises the funds by issuing stocks, Flat Beer must pay an investment banker 5 percent of the total amount issued plus $250,000 in other costs associated with the issue. What is the total dollar amount that needs to be raised?
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