BearKat Enterprises wants to go public and desires to raise $20million. They find an investment banker that has a spread

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BearKat Enterprises wants to go public and desires to raise
$20million. They find an investment banker that has a spread of
6.8%.
Currently BearKat Enterprises has 2 million shares of stock and
their estimated pre-IPO equity value is $77M.
How many new shares should they offer?
.57 M
1 M
1.57 M
2 M
BearKat Enterprises wants to go public and desires to raise
$20million. They find an investment banker that has a spread of
6.8%.
Currently BearKat Enterprises has 2 million shares of stock and
their estimated pre-IPO equity value is $77M.
What should the offer price be for the new shares?
$25.65
$30.23
$37.77
$41.23