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The MEP company has issued 5,120,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is

The MEP company has issued 5,120,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 4,320,000 shares for $54 per share. It charges MEP $1.85 per share sold.

a.	How much money does MEP receive? (Do not round intermediate calculations.)

b.	What is the investment banks profit?

c.	What is the stock price of MEP?

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