Hildreth Recycling is interested in selling common stock to raise capital for plant expansion. The firm has hired First Atlanta Company, a large investment banking firm, to serve as underwriter. First Atlanta believes that the stock can be sold for $ 80 per share, that its administrative costs will be 2 % of the sale price, and that its selling costs will be 1.5 % of the sale price. If First Atlanta requires a profit equal to 1 % of the sale price, how much will the spread have to be, in dollars, to cover its costs and profits?