TV Technology Corp. recently went public with an initial public offering of $1\mathrm{.}5$ million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $$24\mathrm{.}50$ per share and the underwriter's spread was $5$ percent of the gross proceeds. TV Technology also paid legal and other administrative costs of $$300,000$ for the IPO. Calculate the gross proceeds per share received by TV Technology from the sale of the $1\mathrm{.}5$ million shares of stock. Question $40$ options: $$ $$26\mathrm{.}00$ $$25\mathrm{.}79$ $$24\mathrm{.}70$ $$24\mathrm{.}50$