Draiman Guitars is offering 150,000 shares of stock in an IPO by a general cash offer. The offer price is $20 per share and the underwriter's spread is 6.5 percent. The administrative costs are $390,000. What are the net proceeds to the company? Multiple Choice $2,610,000 $2,025,000 $2,415,000 $2,805,000 $3,000,000