Dixon Corporation is considering a public offering of common stock. The firm will offer one million shares of common stock for sale. The estimated selling price is $45 per share, with Dixon Corp. receiving $40.50 per share after the offering. Additional registration fees are estimated at $275,000. a) What is the spread in dollars? In percent? b) What are the total expenses of the issue? c) If Dixon Corp. needs to generate $28 million, how many shares will have to be sold?