You are negotiating with your underwriters in a firm commitment offering of 9 million primary shares. You have two options: set the IPO price at $23.00 per share with a spread of 6%, or set the price at $22.20 per share with a spread of 4%. 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.)