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In order to build better playgrounds at its 57 daycare centers, Funtime Childcare decides to raise $56.5 million. The company will sell shares at a

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In order to build better playgrounds at its 57 daycare centers, Funtime Childcare decides to raise $56.5 million. The company will sell shares at a price of $23.60 in a general cash offer and the company's underwriters will charge a spread of 7 percent. The direct flotation costs associated with the issue are $700,000 and the indirect costs are 5435.000. How many shares need to be sold? Multiple Choice 2,510.024 shares 2.394,068 shares D O 2.265167 shares 2.254673 shares 2,625 980 shares

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