Suppose your firm needs to raise $10.5 million to construct a new shipping terminal. As CFO, you plan to raise funds in the following manner: a. 60% of the funds will be raised by selling long term debt (bonds) b. 40% of the funds will be raised by retaining operating earnings. For a debt issue, 2.5% of the amount raised will be kept by the Investment Banker, as gross spread. How much capital will you need to raise in order to build your shipping terminal?