How much cash will the firm net from these stock sales

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Reference no: EM131868113

Angina, Inc., has 9 million shares outstanding. The firm is considering issuing an additional 1.8 million shares. After selling these shares at their $15 per share offering price and netting 95% of the sale proceeds, the firm is obligated by an earlier agreement to sell an additional 450,000 shares at 88% of the offering price. In total, how much cash will the firm net from these stock sales?

Reference no: EM131868113

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