1) An investment bank agrees to underwrite the 20 million shares of stock for Lincoln Bros Inc. on a best-efforts basis. The investment bank is able to sell 16.2 million shares for $31.34 per share, and it charges Lincoln Bros Inc. $0.25 per share sold. How much money does Lincoln Bros Inc. receive?

Enter your answer with dollar values. So, for example, if your answer is $20 million, then just enter 20,000,000.