Wholesome Company which is a privately held corporation is making plans for an IPO. If Wholesome Company undertakes an IPO, it is estimated that each share of stock will sell for $10, the investment banking fee will be 5% of the total value of the issue, and other issuing costs will be 2% of the total value of the issue. 1. If the market value of the stock issue is $51 million, how much will Wholesome Company be able to use for growth? $ Answer 2. a) How many shares of stock will Wholesome Company have to issue to obtain $51 million for growth? (Please round to the next nearest whole number. No fractional shares will be issued.) Answer b) What is the amount of the investment banking fee? (Please round to next nearest whole dollar. No cents.): $ Answer c) What is the amount of the issuing costs? (Please round to next nearest whole dollar. No cents.) S Answer d) The founders currently hold all of the company's stock which is 9 million shares. If the company issues the number of shares computed in 2.a) above, what proportion of the stock will the founders own after the IPO? (Please put your answer in percent form with 2 decimal places after the decimal point) Answer %