Jenny Corp. needs to raise $51 million to fund a new project. The company will sell shares at a price of $28.60 in a general cash offer and the company's underwriters will charge a spread of 75 percent. The direct flotation costs associated with the issue are $325,000. How many shares need to be sold? Multiple Choice 1 02 1783,217 shares 1058 172112 shares 1958 587 ares