Young Corporation stock currently sells for $$30$ per share. There are $1$ million shares currently outstanding. The company announces plans to raise $$4$ million by offering shares to the public at a price of $$30$ per share.

If the underwriting spread is $5\%,$ how many shares will the company need to issue in order to be left with net proceeds $($before other administrative costs$)$ of $$4$ million?

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

If the under writing spread is $5\%$ and the other administrative costs are $$50,000,$ 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 $4\%$ at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect?

Note: Enter your answer in dollars not in millions.