Question 59 (3 points) Redwood Company needs to raise $18,000,000 for a new project. It can sell new bonds for a price of $1,000. The underwriting spread and out-of-pocket expenses for the bond offering will total 4%. In order to raise the needed funds, Redwood wants to know how many bonds it would have to issue if it chooses a bond offering. What is the number of bonds that would have to be issued by Redwood to raise its required proceeds? A/