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1 . AHZ Corporation is going public at $ 2 4 . 0 0 and plans to issue 3 0 , 0 0 0 ,

1. AHZ Corporation is going public at $24.00 and plans to issue 30,000,000 shares. Insiders hold an additional 50,000,000 shares that will not be part of the IPO. The company will pay various fees as shown below. At the end of the first day of trading, the stock closes at $28.50.
a. At the end of the first day, what is AHZ's market capitalization?
b. What are the total costs of the offering? Include underpricing in this calculation.
c. What are AHZ's total costs of going public as a percentage of the total pre-cost equity value? (Use the closing price of the stock at the end of the first day as the pre-cost equity value.
Underwriting spread 6.00%
Audit fees $1,200,000
Legal fees $1,900,000
Printing fees $600,000(I need to do it on excel. Thanks.)

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