Welsh Corporation wants to raise capital to invest in a new project. The capital investment in the project is estimated at $525,000. The firm plans to raise the needed funds by issuing new debt. It is required to pay its investment banker 5 percent of the issue's total value. How much debt does the firm need to issue??
A. $525,000?
B. ?$552,632
C. ?$498,750
D. ?$551,250
E. ?$575,886
Answer: B
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