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Disturbed Corporation needs to raise $57 million to fund a new project. The company will sell shares at a price of $23.70 in a general

Disturbed Corporation needs to raise $57 million to fund a new project. The company will sell shares at a price of $23.70 in a general cash offer and the company's underwriters will charge a spread of 7.5 percent. The direct flotation costs associated with the issue are $725,000 and the indirect costs are $445,000. How many shares need to be sold? Multiple Choice 2,265,725 shares 2,254,735 shares 2,653,438 shares 2,405,063 shares 2,529,251 shares

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