You are negotiating with your underwriters in a firm commitment offering of 8 million primary shares. You have two options: set the IPO price at $23.00 per share with a spread of 7% or set the price at $22.40 per share with a spread of 5%. Which option raises more money for your firm? The net price to the firm of the first option is $ (Round to the nearest cent.) The net price to the firm of the second option is $ (Round to the nearest cent.) The option raises more money for your firm. (Select from the drop-down menu.)