Don's Captain Morgan, Inc. needs to raise $14.20 million to finance plant expansion. In discussions with its investment bank, Don's learns that the bankers recommend an offer price (or gross proceeds) of $22.10 per share and Don's will receive $19.05 per share.

Calculate the underwriter's spread per share on the issue.(Round your answer to 2 decimal places.)

How many shares of stock will Don's need to sell in order to receive the $14.20 million it needs?(Round your answer to the nearest whole number.)