Carson Corporation has gone through all the processes to issue their stock to the public. They will be issuing 15 million common shares at a price of $18 per share under a firm commitment agreement with Big Bunch Network investment bankers. Big Bunch Network will receive a commission of 6.5% of the shares. Out-of-pocket costs, the cost of legal and accounting and printing fees, have totalled $950,000. At the end of the 1st day of trading, Carson Corporation shares were selling for $18.50 per share. How much were the net proceeds to Carson Corporation as a result of issuing the new shares under the IPO? A. $ 252,850,000 B. $252,450,000 XC. $244,000,000 D. $251,500,000 . Answer Key: D