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A company needs to raise $20 million (This is the gross amount required by the company.) from a share offering. The shares are underwritten at
A company needs to raise $20 million (This is the gross amount required by the company.) from a share offering. The shares are underwritten at a fee of 6% of the total amount raised. The underwriter offers best- effort underwriting. Answer the following questions ignoring all other costs in the share offering. Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456. 1. If the company receives subscription for 100% of the total shares offered, calculate how much the company would receive from the share offering. The company would receive $ 2. If the company only receives subscription for 96.5% of the total shares offered, calculate how much the company would receive from the share offering. The company would receive $ 3. If the company only receives subscriptions for 96.5% of the total shares offered, calculate how much the underwriter would receive from the share offering. The underwriter would receive S
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