Rayac is About to go public. Its stcokholders own 500,00 shares. The new public issue will represent 700,000 shares. The shares will be Prices at $25.00 to the public with a 5% spread. the out of pocket cost will be $450,00. What are the net proceds to the firm? A. $ 18,750,000 B$17,200,000 C $18,250,000 D $16,175,000