Jenny Corp: needs to raise $45.5 million to fund a new project. The company will sell shares at a price of $27.50 in a general cash offer and the company's underwriters will charge a spread of 6 percent. The direct flotation costs associated with the issue are $550,000. How many shares need to be sold? Multiple Choice 1781431 shares 1717.988 shares 1560.892 shares 1654545 shares 1607719 shares