Jenny Corporation needs to raise $54.5 million to fund a new project. The company will sell shares at a price of $29.30 in a general cash offer and the company's underwriters will charge a spread of 7 percent. The direct flotation costs assoclated with the Issue are $1,000,000. How many shares need to be sold? Multiple Cholce 1,860,068 shares 1,799,225 shares 1,738,382 shares 1,948,420 shares 2,036,772 shares