3. BB Bank intends to issue 2 million shares of common stock. The bank's investment dealer has offered two alternatives: Plan A: A best efforts offering at $16 per share to an underwriting commission of 2% of the expected proceeds plus $300,000. The Investment dealer firm expects 93% of the issue will be sold. Plan B: An underwritten offer at $15.50 per share plus an underwriting fee of 7% of the gross proceeds Questions a. What is the expected gross proceeds from each plan? b. Which plan offers the highest net proceeds to BB Bank