Young Corporation stock currently sells for $30 per share. There are 1 million shares currently outstanding. The company announces plans to raise $3 million by offering shares to the public at a price of $30 per share. a. If the underwriting spreak is 6% how many shares will the company need to issue in order to be left wit net proceeds of $3 million? b. if other administrative costs are $60,000 what is the dollar value of the total direct costs of the issue? c. if the share price falss 3% at the announcement of the plans to proceed with a seasoned offering. what is the dollar cost of the announcement effect