TB MC Qu. 15-01 Raybac is about to go public... Raybac is about to go public. Its present stockholders own 410,000 shares. The new public issue will represent 870,000 shares. The shares will be priced at $15 to the public with a 10% spread. The out-of-pocket costs in addition to the spread will be $440,000. What are the net proceeds to Raybac? Multiple Choice $34,795,000 $4,359,955 $34,800,000 $34,810.000