www Pricing Stock Issues in an IPO Zing Industries has hired the investment Banking firm of Eric, Schwartz, & Mann (ESM) to help ito public, Zang and ESM agree that ang's current value of equity is $65 million Zang currently has 4 million shares outstanding and will issue 1.8 million new shares. ESM darges ad. What is the correctly valued offer price? Do not round intermediate calculations, Round your answer to the nearest cont. How much cash will Zang raise net of the spread (use the rounded offer price)? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar