Problem 15-6 Calculating Flotatlon Costs [LO3] The Whistling Straits Corporation needs to raise $42 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $40 per share and the company's underwriters charge a spread of 6 percent. If the SEC filing fee and associated administrative expenses of the offering are $625,000, how many shares need to be sold? (Do not round Intermedlete calculatlons and enter your answer In dollars, not mllllons, rounded to the nearest whole number, e.g., 1,234,567.) Number of shares offered