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Disturbed Corp. needs to raise $64 million to fund a new project. The company will sell shares at a price of $25.10 in a general

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Disturbed Corp. needs to raise $64 million to fund a new project. The company will sell shares at a price of $25.10 in a general cash offer and the company's underwriters will charge a spread of 6.5 percent. The direct flotation costs associated with the issue are $1,075,000 and the indirect costs are $585,000. How many shares need to be sold? Multiple Choice o 2,434,394 shares ces o 2549,801 shares o 2797,793 shores o 2673,797 shares o 2.416.063 shares

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