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Adak currently owns 10% of Earthworks, Inc. The company has a total of 140,000 shares outstanding with a current market price of $19 a share

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Adak currently owns 10% of Earthworks, Inc. The company has a total of 140,000 shares outstanding with a current market price of $19 a share At present, ifice is offering an addittonal 10,000 shares at a price of $18 a share. Adak decides not to participate in this offering. What will be his ownership position after the offe is completed? Multiple Choice 8.07% 9.33% 9.91% 10.14% 10.62%

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