Saved Help Save & Exit Raybac is about to go public. Its present stockholders own 480,000 shares. The new public issue will represent 920,000 shares. The shares will be priced at $35 to the public with a 6% spread. The out-of-pocket costs in addition to the spread will be $580,000. What are the net proceeds to Raybac? Multiple Choice $29,703,000 $29,693,000 $-2,516,965 $29,688,000 O + c 99