XYZ, Inc., has issued 10 million new shares of stock. An investment bank agrees to underwrite these

Question:

XYZ, Inc., has issued 10 million new shares of stock. An investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 8.4 million shares for $ 27 per share, and it charges XYZ $ 0.675 per share sold. How much money does XYZ receive? What is the profit to the investment bank? What is the stock price of XYZ?