Ilain Unless you heed to edit it's safer to stay in Protected View. Enable Editing Chapter 3 Spreadsheet Problem The Financial Environment Diction Publishing estimates that it needs $500,000 to support its expected growth The underwriting fees charged by the investment banking firm for which you work are 6.5% for such issue sizes. In addition, it is estimated that Diction will incur $4,900 in other expenses related to the IPO. a b. C. If your analysis indicates that Diction's stock can be sold for $40 per share, how many shares must be issued to net the company the $500,000 it needs? Suppose that Diction's investment banker charges 10% rather than 6.5%. Assuming that all other information given earlier is the same, how many shares must Diction issue in this situation to net the company the $500,000 it needs? Suppose that Diction's investment banker charges 8.2% rather than 6.5%. Assuming that all other information given earlier is the same, how many shares must Diction issue in this situation to net the company the $500,000 it needs? Suppose everything is the same as originally presented, except Diction will incur $5,835 in other expenses rather than $4,900. In this situation, how many shares must Diction issue to net the company the $500,000 it needs? Now suppose that Diction decides it only needs $450,000 to support its growth. In this case, its investment banker charges 7% flotation costs, and Diction will incur only $3.840 in other expense. How many shares must Diction issue to net the company the $450,000 it needs? d e