4\ 10 points\ Koloidiel Inc. wants to raise

$1

million through an equity issue. The overhead cost will be

$250,000

and the underwriters will take

5%

from all shares sold. If the equity issue is set at a price of

$80

per share, how many shares will the firm need to sell to meet its goal?\ 18,138 shares\ 16,448 shares\ 20,000 shares\ 17,564 shares\ 19,600 shares

Koloidiel Inc. wants to raise $1 million through an equity issue. The overhead cost will be $250,000 and the underwriters will take 5% from all shares sold. If the equity issue is set at a price of $80 per share, how many shares will the firm need to sell to meet its goal? 18,138 shares 16,448 shares 20,000 shares 17,564 shares 19,600 shares