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1 Calculate the number of shares issued through this IPO. . Building an income Statement - Excel FORMULAS DATA REVIEW HOME INSERT 6 X Sign

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1 Calculate the number of shares issued through this IPO. . Building an income Statement - Excel FORMULAS DATA REVIEW HOME INSERT 6 X Sign In PAGE LAYOUT VIEW AIN Paste Cells 12A 96 A Alignment Number Conditional Format as Cell Formatting Table Styles Font Styles > Clipboard DIZ A B E F 0 H 2 3 Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $92.46 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $19.05 and the underwriter's spread was $1.40. Hughes also paid legal and other administrative costs of $2.85 million for the IPO. Calculate the number of shares issued through this IPO. (Enter your answer in millions Round your answer to 2 decimal places.) 5 6 7 8 New capital funding Offer price Underwriter's spread Other administrative costs $ $ 92,460,000 19.05 1.40 2,850,000 10 $ 11 12 13 14 15 16 17 Complete the following analysis. Do not hard code values in your calculations, and do not round Intermediate calculations Number of shares issued Sheet1 READY Attempt 4/5 100% Show Me Prov 1 of 1 NO

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