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Parker Prints is in negotiations with two of its largest customers to increase the firm's sales dramatically. The increase will require that Parker expand its

Parker Prints is in negotiations with two of its largest customers to increase the firm's sales dramatically. The increase will require that Parker expand its production facilities at the cost of $25 million. Parker expects to pay out $6 million in dividends to shareholders next year. The firm maintains a 20% debt ratio in its capital structure. If Parker earns $16 million next year, how much common stock (how much total value) will the firm need to sell in order to maintain its target capital structure?

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