Holy answers Points but ABC Sports Co. requires net proceeds of $43.1 million from a new equity issue to finance a new product development. The firm has arranged for a local investment banker to handle the equity issue. The arrangement calls for ABC to pay flotation costs equal to 4.7 percent of the total amount of the issue. Other issuance costs are equal to $733,000. How much equity must the firm issue to finance the new project? (Provide your answer as a number with two decimal places.) Answer: Previous page Next page Final Formula Sheets who to... You are logged in as www2