Suppose your company needs to raise $15 million to construct a new shipping terminal. As CFO, you plan to raise funds in the following manner: 60% of the funds will be raised by selling long term debt (bonds) 40% of the funds will be from excess cash flow generated by the business. For a debt issue, 2.5% of the amount raised will be kept by the Investment Banker, as gross spread. How much [total capital] will the company need to have available in order to build your shipping terminal? Hint: You will need to raise enough capital to pay both 1) the cost of the facility and 2) the Investment Banker’s gross spread.