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please show work if you can! Firm commitment versus best efferts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale

please show work if you can!
Firm commitment versus best efferts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale of equity: (a) a best efforts arrangement whereby Astro will keep 3.5% of the retail sales or (b) a firm commitment arrangement of $9,800,000. Lunar plans on offering shares at $12.22 per share to the public. What is the break-even point in number of shares for Lunar Vacations? What are the proceeds to Lunar Vacations and Astro Investment Bank at the break-even point? Firm commitment versus best efferts. Astro Investment Bank offers Lunar Vacations the following options on its initial public sale of equity: (a) a best efforts arrangement whereby Astro will keep 3.5% of the retail sales or (b) a firm commitment arrangement of $9,800,000. Lunar plans on offering shares at $12.22 per share to the public. What is the break-even point in number of shares for Lunar Vacations? What are the proceeds to Lunar Vacations and Astro Investment Bank at the break-even point

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