Turbo Technology Corp. recently went public with an initial public offering of 3.19 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $8.45 per share and the underwriter's spread was 8 percent of the gross proceeds. Turbo also paid legal and other administrative costs of $390,000 for the IPO. Calculate the gross proceeds per sharereceived by Turbo from the sale of the 3.19 million shares of stock.