Dembe Inc. is considering an offering of shares to the public and is proposing to issue 1,000,000 shares at an issue price of $14 per share. The shares will be offered to current shareholders first, and the investment dealers have projected that the company will receive $12,700,000 in net proceeds. Which type of public offering is being described? 

a) Firm-commitment offering 

b) Best-efforts offering 

c) Private placement deal 

d) Rights offering

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