The Wed Link Inc. wants to raise capital by issuing $1,000,000$ shares of common stock. They contact a few investment bankers and the one with the best offer has presented them with a firm commitment offer of $$8\mathrm{.}50$ per share. The stock is expected to open at $$11.$ What are the expected proceeds to Wed Link and what is the expected spread for the investment bank if $100\%$ of the shares are sold? What if only $75\%$ of the shares are sold?