A company is planning a new plant and needs to raise (net of underwriting cost) $19.74 million to finance it. The company plans to raise the money through a general cash offering priced at an offer price of $3 a share. The underwriters charge a 6 per cent spread. How many shares does the company have to sell to achieve its goal (in millions to three decimal places)? (Hint: required amount/(1- spread) = issue amount) Select one: O a. 7.000 O b. 22.340 O c. 2.830 O d. 2.820 Which one of the following statements is NOT true? Select one: O A. In best-effort offering, the underwriters will suffer a financial loss if the offer price is set too high. O B. In best-effort agreement, the issuing company will lose if the offer price is set too high. O C. If the underpricing is significant, the investment banking company will suffer a loss of reputation for failing to price the new issue correctly and raising less money for its client than it could have. D. Underpricing is defined as offering new securities for sale at a price below their true value