oung Corporation stock currentily sells for $40 per share. There are 1 million shares currently outstanding. The company announces tant 10 raise $5 million by offering shares to the public at a price of $40 per share. Q. If the underwniting spread is 6%, how many shares will the company need to Issue in order to be left with net proceeds (before other administrative costs) of $5 million? Note: Do not round Intermedlate calculations. Round your answer to the nearest whole number. b. If the under writing spread is 6% and the other administrative costs are $60,000, what is the dollar value of the total direct costs of the issue? Note: Enter your answer In dollars not In millions. Do not round Intermedlate calculations. Round your answer to the nearest whole doller amount. c. If the share price folis by 5% ot the announcement of the plans to proceed with a seasoned offering. What is the dollar cost of the announcement effect? Note: Enter your answer in dollars not in millions