Question 1 1 pts The Sullivan Co. needs to raise $70.3 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 $63 per share and the company's underwriters charge a spread of 8.5 percent. How many shares need to be sold? 1219533.35 1150143.79 1046057.767