HELP PLZ

Points: 0 of 2 Save (Dividend policy and the issue of new shares of common stock) Carnfield Enterpriseshad just completed its annual planning and budgeting process and needs to raise $21 million to finance its capital expenditures for the coming year. The firm earned $18 milion last year and will pay out half this amount in dividends. If the firm's CFO wants to finance new investments using no more than 70 percent debt financing, how much common stock will the firm have to issue to raise the needed $21 milion? 1 4 How much common stock will the firm have to issue? million (Round to two decimal places.) 6 n 0