An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.20 per share. The offering price was $27.60 per share. What were the total proceeds from the common-stock sale?

Total proceeds

$

How much money did the company receive?

Net proceeds to firm $

How much money did the investment bank receive in fees?

Underwriting spread $