pricing stock issues in an ipo zang industries has hired the investment banking firm of eric, schwartz, & mann (esm) to help it go public. zang and esm agree that zang's current value of equity is $65 million. zang currently has 3 million shares outstanding and will issue 2 million new shares. esm charges a 7% spread. what is the correctly valued offer price? do not round intermediate calculations. round your answer to the nearest cent.