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The Zuri Co

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The Zuri Co. needs to raise $65.6 million to finance its expansion into new markets. The company will sell new(1) Let X be the number of required shares
$65.6 million = X [$56 (1-0.09)] – 456000
X = 1296232 shares
Required proceeds = 1296232 x $56
= $72588992 (2) Net Amount Raised = $20.85X 6,570,000…Finance