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DRK, Inc., has just sold 200,000 shares in an initial public offering (IPO). The underwriter's fees were $50,000. The offering price for the shares was $25, but immediately upon issue, the share price jumped to $30. a. What was the market value of the firm DRK, Inc? b. What was the gross revenue of DRK shareholders from IPO? c. What was the total cost of the IPO to the shareholders? d. What was the gross revenue of the underwriter? e. Why could offering price be "too low"? f. Are IPO offering prices usually below or above the market value