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ngina, Inc., has 5 million shares outstanding. The firm is considering issuing an additioanl 1 millino shares after selilng these shares at their $20 per

ngina, Inc., has 5 million shares outstanding. The firm is considering issuing an additioanl 1 millino shares after selilng these shares at their $20 per share offering price and netting 95% of the sale proceeds, the firm is obligated by an earlier agreement to sell an additioanl 250,000 shares at 90% of the offering price. In total, how much cash will the firm net from these stock sales?

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