Beth's Baths needs $4 million to open a new retail outlet. The company estimates the issue costs including the legal and accounting fees will be $280,000. The underwriters have set the stock price at $23 a share and the underwriting spread at 8 %. How much money will Beth's have to raise in this offering?

Question 26 options:

	$4,622,400
	$4,320,000
	$4,347,826
	$4,652,174