Problem 1. Quantum Corporation wants to raise $50 million in a seasoned equity offering, net of all fees. The stock currently sells for $10 per share. The underwriters will require a spread of 50 cents per share, and indicate that the issue must be underpriced by 5 percent. In addition to the underwriter's fee, the firm will incur $1,000,000 in legal, accounting, and other costs. How many shares must Quantum sell