Angina Inc. has 5 million shares outstanding. The firm is considering issuing an additional 1 million shares. After selling these shares at $18 per share offering price and netting 95 % of the sale proceeds, the firm is obligated by an earlier agreement to sell an additional 252 comma 000 shares at 90 % of the offering price. In total, how much cash will the firm net from these stock sales?
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