Please answer the following question with a clear explanation of the calculation.

Thank you in advance.

Given the following case, answer questions 17 to 19 below: Silver Inc. has just launched its initial public offering IPO with the help of BL Invest, a well-known investment bank. During the IPO, the firm issued 10 million new shares. The initial price was $25 per share, with BL Invest retaining $3.2 fees. The first day closing price was $29. 17. What were the gross proceeds from this offering?* $250 million $290 million $145 million $160 million O None of the above 18. What offering percentage did BL Invest receive? * 22.07% 11.03% 12.80% 11.03% None of the above 19. What is the indirect cost of going public for Silver Inc.?* $8 million $72 million $32 million $40 million O None of the above