In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are

Question:

In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are $1,450,000, how many shares need to be sold now?

Previous problem

The Elkmont Corporation needs to raise $52.5 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $21 per share and the company's underwriters charge a spread of 7.5 percent, how many shares need to be sold?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...