Young Corporation stock currently sells for $$20$ per share. There are $1$ million shares currently outstanding. The company announces plans to raise $$2$ million by offering shares to the public at a price of $$20$ per share.

If the underwriting spread is $4\%,$ how many shares will the company need to issue in order to be left with net proceeds $($before other administrative costs$)$ of $$2$ million?

Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

If the under writing spread is $4\%$ and the other administrative costs are $$30,000,$ what is the dollar value of the total direct costs of the issue?

Note: Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.

If the share price falls by $2\%$ at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect?