Zang Industries has hired the investment banking firm of Eric, Schwartz, a Mann (ESM) to help it go public. Zang and ESM agree that Zang's current value of equity is $57 million. Zang currently has 4 million shares outstanding and will issue 1.4 miltion new shares. ESM charges a 7% spresd. What is the correctly valued olfer price? Do not round intermediate calculations. Round your answer to the nearest cent: How much cosh 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 dollat