Angina inc. has 5 million shares outstanding. the firm is considering issuing an additional 1 million shares. after selling these shares at $18 per share offering price and netting 95% of the sale proceeds, the firm is obligated by an earlier agreement to sell an additional 252 comma 000 shares at 90% of the offering price. in total, how much cash will the firm net from these stock sales?

The $21,182,400 cash is from these stock sales

Explanation:

The computation of the cash received is shown below;

= (Additional shares × price per share × sale proceed percentage) +  (Additional shares × price per share × offering price percentage)

=  (1,000,000 shares × $18 × 95%) + (252,000 shares × $18 × 90%)

= $17,100,000 + $4,082,400

= $21,182,400

Since we have to compute the cash received amount, so the outstanding shares part is not relevant. That's why we do not considered it in the computation part

years agooo ahaha. but honestly they need to update ! : )

the answer is either c or b, i cant be to sure tho.