The Presley Corporation is about to go public. It currently has aftertax earnings of $$7,100,000,$ and $3,000,000$ shares are owned by the present stockholders $($the Presley family$).$ The new public issue will represent $700,000$ new shares. The new shares will be priced to the public at $$35$ per share, with a $4$ percent spread on the offering price. There will also be $$240,000$ in out$-$of$-$pocket costs to the corporation.

a$.$ Compute the net proceeds to the Presley Corporation.

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

$\backslash$table$[[$Net proceeds,$$,23,280,000$