07 The Whistling Straits Corporation needs to raise $40 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 $15 per share and the company's underwriters charge a spread of 5 percent, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in dollars, not milions, rounded to the nearest whole number, e.g. 1,234,567.) 5 points Answer is complete but not entirely correct. Number of shares offered 631,578,947