What are the net proceeds to the firm

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Reference no: EM131461250

Raybac is about to go public. Its present stockholders own 460,000 shares. The new public issue will represent 880,000 shares. The shares will be priced at $25 to the public with a 12% spread. The out-of pocket costs will be $430,000. What are the net proceeds to the firm?

$18,945,000

$-3,074,975

$18,935,000

$18,930,000

Reference no: EM131461250

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