what are the answers?

and kept 19.8 million shares. The new shares were offered to the public at $22 and th underwriters received a spread of $1.35 a share. At the end of the first day's trading, the market price was $32 a share. a. How much money did the company receive after paying its portion of the direct costs? (Round your answer to 2 decimal places.) b. How much did the existing shareholders receive from the sale after paying their portion of the direct costs? (Round your answer to 3 decimal places.) Sum of money the existing shareholders received $ million would the company have needed to sell to raise the same amount of cash? (Round your answer to 3 decimal places.) Number of shares million d. How much better off would the existing shareholders have been? (Round your answer to 3 decimal places.)