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issuance of new equity and debt. These new issues will be structured so as not to alter the current capital structure of the firm (the

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issuance of new equity and debt. These new issues will be structured so as not to alter the current capital structure of the firm (the relative weightings of common equity, preferredequity, and debt will remain unchanged). Coca-Cola will need to have $350 million left over after paying the underwriting fees related to the issuance of these new securities. Underwriting fees are determined based upon the size of the issuance. If Coca-cola will have to pay a fee of 4% of the total amount of financing raised to the investment bank handling the issuance, what is the updated NPV of the project? The NPV of the project, updated to reflect the underwritingfees is. million (round to two decimal places)

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