Pricing Stock Issues in an IPO Zang Industries has Nred the investment Banking him of Eric, Schwartz, & Mann (ESM) to help to public. Zang and ESM agree that Zang's current value of equity is 165 milion Zang currently has 5 milion shares outstanding and will issue 1.1 milion new shares. ESM charges a spread. What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent. ion should be entered as 1.234, no 1,234,000. Do not round intermediate calculations. Round your How much cash will Zongre ner of the spread Enter your answer in millions. For example, an answer of 1.234 answer to three decimal places. $ milion