Please give all answer blanks. I will not connect elsewhere. please ensure that answers are correct. i will give a thumbs up if correct.

A company goes public with an offering price of $16. There is a 7 percent underwriting spread. There is also a 15 percent overaliotment option. The company is selling 25 million shares. The underwriter fills orders for 28.75 miltion shares but has not exercised the overallotment option. The stock drops to $19. How much would it cost the underwriter to cover the short position? Do not round intermediate caiculations. Round your answer to the nearest dollar. s If the underwriter used all its profits from the short position to purchase shares, how many shares would it purchase (include the shares that must be purchased to cover the short position)? Do not round intermediate calculations, Round your answer to the nearest whole number. shares