Please see the questions below and provide answers. Thank you.

The CFO of Red Oyster Seafood Company has decided that the company needs to raise additional capital. It can sell preferred stock paying an annual $9 dividend per share for $1M] per share; however. it will incur a flotation oost of 2.2% per share. After it pays the underwriter, Red Oyster Based on this information, Red Oyster Seafood Seafood Company will receive from Company's post of preferred stock is each share of preferred stock that it issua