Item$120$points Return to question Item $1$ Problem $16-1($LG $16-2)$ An investment bank agrees to underwrite an issue of $16$ million shares of stock for Looney Landscaping Corporation. The investment bank underwrites the stock on a firm commitment basis, and agrees to pay $$10\mathrm{.}00$ per share to Looney Landscaping Corporation for the $16$ million shares of stock. The investment bank then sells those shares to the public for $$11\mathrm{.}50$ per share. How much money does Looney Landscaping Corporation receive? What is the profit to the investment bank? If the investment bank can sell the shares for only $$8\mathrm{.}75,$ how much money does Looney Landscaping Corporation receive? What is the profit to the investment bank? Suppose, instead, that the investment bank agrees to underwrite the $16$ million shares on a best efforts basis. The investment bank is able to sell $14\mathrm{.}6$ million shares for $$10\mathrm{.}00$ per share, and it charges Looney Landscaping Corporation $$0\mathrm{.}200$ per share sold. How much money does Looney Landscaping Corporation receive? What is the profit to the investment bank? If the investment bank can sell the shares for only $$8\mathrm{.}75,$ how much money does Looney Landscaping Corporation receive? What is the profit to the investment bank? Note: For all requirements, enter your answers in dollars, not in millions. Negative amounts should be indicated by a minus sign. Answer is not complete.