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Sekoi company undertakes an IPO, with an offering of 1 million shares at an offer price of $15. Immediately after the offering, the shares begin...

Sekoi company undertakes an IPO, with an offering of 1 million shares at an offer price of $15. Immediately after the offering, the shares begin trading at a market price of $17.50. The underwriter purchased the shares from the issuing firm for a price of $14 per share and the company incurred an additional $600,000 of costs related to the offering. What are the company's net proceeds of the offering (per share and total) after all costs? What is the total issue cost of the offering, including the effects of underpricing?

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