A public issue of $10 million face value of 10-year debt. The interest rate on the debt would be 12.0%, and the debt would be issued at face value. The underwriting spread would be 1.6%, and other expenses would be $87,000. A private placement of $10 million face value of 10-year debt. The interest rate on the private placement would be 12.5%, but the total issuing expenses would be only $43,000. a-1. Calculate the net proceeds of the public issue. (Enter your answer in dollars not in millions.) Net proceeds of the public issue $ a-2. Calculate the net proceeds of the private placement. (Enter your answer in dollars not in millions. Round your answer to nearest whole dollar amount.) Net proceeds of the private placement $