Current Attempt in Progress

A midsized firm plans to issue $10$ million shares in an IPO. The investment banker $($underwriter$)$ plans to sell shares at $$21\mathrm{.}50$ pe share. If the underwriter charges a $$3\mathrm{.}10$ million fee to undertake the IPO, how much will the firm raise in the IPO?

$$211900000$

$$299500000$

$$215000000$

$$296400000$