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I NEED HELP ASAP !!!! b) Answer parts i, ii and iii based on the information below: ABC Learning Pty Ltd needs to raise $85

I NEED HELP ASAP !!!!

b) Answer parts i, ii and iii based on the information below: ABC Learning Pty Ltd needs to raise $85 million for business growth (this is the net amount required by the company). The board has decided to raise $49 million of debt capital and the remaining $36 million through equity capital by IPO. The underwritten service was on the stand-by basis, and the investment bank charges a commission of 4%. The agreed IPO price is $15 per share to the public. i. If the IPO is successful, what are the total proceeds of the share offering? (1 mark) ii. How many shares should the company sell to the public? (1 mark) iii. For a stand-by service, how much commission does the investment bank earn? (1 mark)

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