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Danny Auto Glass is offering 50,000 shares of stock to the public. The offer price is $25 a share and the underwriters spread is 7

Danny Auto Glass is offering 50,000 shares of stock to the public. The offer price is $25 a share and

the underwriters spread is 7 percent. The administrative costs are $300,000. How much the firm should offer to have $1 million net proceeds?

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