a) Boronia Ltd, a tech firm in Sydney, issues a $75 million (the gross amount before any costs come off) IPO underwritten at $16 per share. The offer price to the public is $20 per share. The firm's legal fees, registration fees, and other administrative costs are $550,000. The firm's stock price increases 25% on the first trading day. What is the firm's total cost of issuing the securities? Round your answer to the nearest cents. (3 marks) Zoom Delivery Ltd, an online parcel delivery service is expanding rapidly after the pandemic caused by Covid-19. It is planning to raise $35 million (this is the net amount required) to finance its business expansion. The offer price is $20 per share to the public and the underwriter charges 7% spread with a standby underwriting arrangement. i. How many shares does the company have to issue to achieve its capital raising goal? (2.5 marks) ii. Assume that the issue becomes unsuccessful, as they only receive 95% subscriptions of the total number of shares offered. What would be the total proceeds and how much would the company and the underwriter receive respectively