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Angina Inc. has 5 million shares outstanding. The firm is considering issuing an additional 1 million...

Angina Inc. has 5 million shares outstanding. The firm is considering issuing an additional 1 million shares. After selling these shares at ​$22 per share offering price and netting 95​% of the sale​ proceeds, the firm is obligated by an earlier agreement to sell an additional 247,000 shares at 90​% of the offering price. In​ total, how much cash will the firm net from these stock​ sales?

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