P15-5 Calculating Flotation Costs [LO3] orses Corporation needs to raise $45 million to finance ts expansion into new markets. The company will sell new shares of equity via a general cash offering to ralse the needed funds. If the offer pr Is $25 sold? per share and the compan's underwriters charge a 10 percent spread, how many shares need to be O 1800000 O 1920,000 O 2.000.000 O 2.080.000 O 1636,364 References eBook & Resources Multiple Choice Difficuity: Basic