a) Discuss two advantages and two disadvantages of going public for firms.

b) A company makes an initial public offering of shares to raise $350 million, at an offer price of $5 per share. The issue is underwritten at $4.70. The costs of preparing the prospectus, legal fees, ASIC registration and other administrative costs add up to $750,000. If the firms share price closes at $5.20 on its first day of trade. What is the total cost of the IPO? SHOW ALL WORKING

c) Explain two important roles of investment bankers in the process of IPO.