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Question 9 Wear Ever is expanding and needs $12.6 million to help fund this growth. The firm estimates it can sell new shares of stock

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Question 9 Wear Ever is expanding and needs $12.6 million to help fund this growth. The firm estimates it can sell new shares of stock for $35 a share. It also estimates it will cost an additional 340,000 for filing and legal fees related to the stock issue. The underwriters have agreed to a 7 percent spread. How many shares of stock must Wear Ever sell if it is going to have $12.6 million available for its expansion needs

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