Publix Supermarkets wants to expand into Canada. The Company has determined that the fastest way to obtain the $24.2 million it will cost for the expansion is to IPO. Publix Supermarkets will sell new shares of common stock using a general cash offering. The costs for legal fees, accounting fees and taxes will be $631,000, and the offer price will be $32 per share. How many shares of stock must be sold if Publix's Investment banks charge a 7.6% spread to raise the funds it desires? Multiple Choice 748,315 shares 911,502 shares 1,051,515 shares 989,415 shares 839,793 shares