Just completed its annual planning and budgeting process and needs to raise ​$21 million to finance its capital expenditures for the coming year. the firm earned $ 19 million last year and will pay out half this amount in dividends. if the​ firm's cfo wants to finance new investments using no more than 30 percent debt​ financing, how much common stock will the firm have to issue to raise the needed $ 21 ​million?



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