Angina, Inc has 3 million shares outstanding. The firm is considering issuing an additional 0.6 million shares. After selling these shares at their $28 per share offering price and netting 97% of the sale proceeds, the firm is obligated by an earlier agreement to sell an additional 150,000 shares at 87% of the offering price. In total, how much cash will the firm net from these stock sales?
A. the total cash amount the firm will net from these stock sales is ?