1 Mars Company is anxious to grow its Chinese candy sales. The Company has decided to sell new shares of equity via a general cash offering to raise the $12 million necessary to fund its Asian growth plans. The offer price will be $28 per share, the accounting and legal fees are expected to be $645,000, and Mars Company's investment bankers will charge a spread of 8.2 percent. How many shares need to be sold? 10:34:09 Multiple Choice 489,889 shares O 491,947 shares 521,208 shares