oung Corporation stock currently sells for $$20$ per share. There are one million shares currently outstanding. The company announces plans to raise $$2$ million by offering shares to the public at a price of $$20$ per share.

a$.$ If the underwriting spread is $5\%,$ how many shares will the company need to issue in order to be left with net proceeds of $$2$ million? $($Round your answer to the nearest whole.$)$

Number of shares

b$.$ If other administrative costs are $$55,000,$ what is the dollar value of the total direct costs of the issue? $($Round your answer to the nearest dollar.$)$

Dollar value of total direct costs $

c$.$ If the share price falls by $2\%$ at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect? $($Round your answer to the nearest dollar.$)$

Dollar value of total direct costs

$