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DOA sold 9.400, 000 shares in an initial public offering. The underwriter's explicit fees were $54,000, . The offering price for the shares was $32.37

DOA sold 9.400, 000 shares in an initial public offering. The underwriter's explicit fees were $54,000, . The offering price for the shares was $32.37 but immediately upon issue, the share price changed to $27.01. How much DOA raised in funds?

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