21. The St. Anger Corporation needs to raise $45 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. The offer price is $31 per share and the company's underwriters charge a spread of 7 percent. If the SEC filing fee and associated administrative expenses of the offering are $1,900,000, how many shares need to be sold? Let X be the number of shares need to be sold 31X.07(31X)1,900,000=45000000 Solve for X=1,626,778