Authorized and available shares Aspin Corporation's charter authories issuance of 2,300,000 shares of common stock. Currently 1,400,000 shares are outstanding and 300.000 shares are being held as treasury stock. These wishes to raise $65,000,000 for a plant expansion Discussions with its investment bankers indicate that the sale of new common stock will not the firm 560 per share a. What is the maximum number of new shares of common stock that the firm can sell without receiving further authorization from shareholders? b. Judging by the data given and your finding in purta, do you think the firm will be able to raise the needed funds without receiving further authorization? c. What must the firm do to obtain authorization to issue more than the number of shares found in parta? a. The maximum number of new shares of common stock that the firm can sell without receiving further authorization is shares (Round to the nearest whole number) b. Judging on the basis of the data given and your finding in parta, wil the frm be able to raise the needed funds without receiving father authorization? (Select the best answer below) O A No, the firm will require an additional 200,000 authorized shares to the necessary funds OB Yes, the firm will be able to raise the needed funds without receiving further authorization OC. No, the firm will requr do 300,000 authorized shares to the necessary funds OD. No, the firm will require an additional 900.000 authored shares to rate the necessary funds, c. What must the fim do to obtain autorization to issue more than the number of shares found in part? (Select the best answer below) O A Alpin can we ny number of additional shares will receiving further authorization OB. Asi mutamendi creditors to the the issuance of shares OG Aspin must got approval from the board of directors to those the wance final shares D Aspin mustamendis corpore charter to the the ance of anal shares