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YVR, Inc. just announced a 10-million-share SEO (seasoned equity offering) at $50 per share. If all of the SEO shares are primary shares and its

YVR, Inc. just announced a 10-million-share SEO (seasoned equity offering) at $50 per share. If all of the SEO shares are primary shares and its underwriter charges 7% of the gross proceeds, how much new capital will YVR raise?

After underwriting fees, YVR will raise $___ million. (Round to two decimal places.)

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