is this correct?

Jenny Corp. needs to raise $56.5 million to fund a new project. The company will sell shares at a price of $29.70 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 $1,100,000. How many shares need to be sold? Multiple Choice 1902.357 shares 2,085.370 shares 400 shares Unhas ety OFEN MacBook Air So A 2 3 4 % 5 & 7 6 8 9 1 0 Gel Q W E R T { Y U I O 1 4 S D F G : H J K L . Z X etv A w OPEN MacBook Air A 2 3 % 5 & 7 + c 4 6 9 1 0 W E R T Y } C 1 S D F G H J K L > X C V