A company wants to raise 500 million in a new stock issue. Its investment banker indicates the sale of new stock will require 8% underpicking and a 7% spread. ( hint, the underpricing is 8% of the current stock price, in the spread is 7% of the issue price) A.) Assuming the company's stock price does not change from its current price of $75 per share, how many shares must the company sell and what price to the public? B.) How much money will the investment banking syndicate's earn on the sale?