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P 14-19 (similar to) Question Help YVR, Inc. just announced a 12-million-share SEO (seasoned equity offering) at $59 per share. If all of the SEO

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P 14-19 (similar to) Question Help YVR, Inc. just announced a 12-million-share SEO (seasoned equity offering) at $59 per share. If all of the SEO shares are primary shares and its underwriter charges 7% of the gross proceeds, how much new capital will YVR raise? After underwriting fees, YVR will raise $1 million. (Round to two decimal places.)

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