PLEASE ANSWER BOTH THE QUESTIONS

A company goes public with an offering price of \$15. There is a 7 percent underwriting spread. There is also a 15 percent overaliotment option. The company is seiling 25 millon shares. The underwiter fils crders for 28.75 mition shares but has not exercised the overalliotment option. The stock drops to 518 . How much would it cost the undermiter to couef the short position? Do not round intermedste calculations. Round your ansher to the nearest dolar. If the underwiter used all its profits from the short position to purchase shares, how many shares would it purchase (indude the shares that must be purchased to cover the short poetion)? Do not round intermediate calculations, hound your answer to the nearest whole humber. thares