Raybac is about to go public. Its present stockholders own 440,000 shares. The new public issue will represent 910,000 shares. The shares will be priced at $30 to the public with a 8% spread. The out-of-pocket costs in addition to the spread will be $440,000. What are the net proceeds to Raybac? Multiple Choice $24,676,000 $-2,628,970 O $24,681,000 O $24,691,000